Bullish Options Positioning in Petrobras (PBR) Targets Upside in Shares Amid Presidential Elections in Brazil -Susquehanna

Go back to Bullish Options Positioning in Petrobras (PBR) Targets Upside in Shares Amid Presidential Elections in Brazil -Susquehanna

Pre-Open Movers 10/08: (PBR) (TTPH) (ARNC) Higher; (ALT) (GLUU) (IRBT) Lower (more...)

October 8, 2018 9:16 AM EDT

Today's Pre-Open Movers

Altimmune, Inc. (Nasdaq: ALT) -26.5% LOWER; has entered into a purchase agreement with several institutional investors for the purchase of common units and pre-funded units for a combined total of 4,629,630 units in a registered direct offering, for expected gross proceeds of approximately $25 million before placement agent fees and other offering expenses payable by Altimmune.

Petrobras (NYSE: PBR) 14% HIGHER; Far-right candidate, Jair Bolsonaro, won the first round in Brazilian elections. Shares... More

Petrobras (PBR) Surges Following Brazil Election News, Multiple Upgrades

October 8, 2018 8:25 AM EDT

Petrobras (NYSE: PBR) is surging 14% in pre-open trade after far-right candidate, Jair Bolsonaro, won the first round in Brazilian elections. Shares have also received three upgrades so far this morning on the news.

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Santander Upgrades Petrobras (PBR) to Overweight

October 8, 2018 7:57 AM EDT

Santander upgraded Petrobras (NYSE: PBR) from Hold to Overweight.

For an analyst ratings summary and ratings history on Petrobras click here. For more ratings news on Petrobras click here.

Shares of Petrobras closed at $15.46 yesterday.

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BofA/Merrill Lynch Upgrades Petrobras (PBR) to Buy

October 8, 2018 7:17 AM EDT

BofA/Merrill Lynch analyst Frank McGann upgraded Petrobras (NYSE: PBR) from Neutral to Buy with a price target of $35.00 (from $30.00).

The analyst is incrementally more positive citing more favorable expectations for the company as it relates to policy following the Brazilian... More

JPMorgan Upgrades Petrobras (PBR) to Overweight

October 8, 2018 4:46 AM EDT

JPMorgan analyst Rodolfo Angele upgraded Petrobras (NYSE: PBR) from Neutral to Overweight with a price target of $17.00 (from $14.00).

The analyst offers four reasons for why the risk/reward is attractive:

cheap valuation,solid bottom-up story on volume... More