Market Overview

Morgan Stanley Comes Away from Meeting with Petrobras CEO with Positive Outlook

Share:
Related PBR
Natural Gas Rig Count Hits Lowest Level In 29 Years
JPMorgan Cries 'No Mas' At Petrobras, Warns Bulls
Was I Wrong About The Stock Market Bottom? - Bezek's Daily Briefing (Seeking Alpha)

In a report published Tuesday, Morgan Stanley analyst Bruno Montanari reiterated an Overweight rating and $20.80 price target on Petrobras (NYSE: PBR).

In the report, Morgan Stanley noted, “While nothing really new came out of the meeting, PBR's senior management initiative to have a close and candid conversation with analysts was a good one. Key takeaway from the meeting was a firm commitment (not a promise) of the CEO to lower leverage through the pricing policy implementation.”

Petrobras closed on Monday at $13.71.

Latest Ratings for PBR

DateFirmActionFromTo
Feb 2016JP MorganDowngradesNeutralUnderperform
Jan 2016Credit SuisseInitiates Coverage onUnderperform
Oct 2015BarclaysDowngradesOverweightEqual-weight

View More Analyst Ratings for PBR
View the Latest Analyst Ratings

Posted-In: Bruno Montanari Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

Related Articles (PBR)

Get Benzinga's Newsletters