JP Morgan Upgrades Petrobras To Overweight

Analysts at JP Morgan upgraded

from Neutral to Overweight. The price target for Petrobras has been raised from $7.00 to $10.50. Petrobras shares have dropped 42.41 percent over the past 52 weeks, while the S&P 500 index has surged 8.07 percent in the same period. Petrobras shares fell 0.05 percent to close at $9.10 on Friday.