Morgan Stanley upgrades Petroleo Brasileiro Petrobras ADR to 'overweight' with a price target of $16.50

An analyst from Morgan Stanley upgraded Petroleo Brasileiro Petrobras ADR (NYSE: PBR ) from 'equalweight' to 'overweight' with a price target of $16.50 from a prior price target of $12.50.
Prior to this rating, Petroleo Brasileiro Petrobras ADR had 1 buy ratings, 6 hold ratings, and 1 sell ratings.
For consensus analyst estimates and price targets on Petroleo Brasileiro Petrobras ADR, click here. For more news on Petroleo Brasileiro Petrobras ADR, click here.
Petroleo Brasileiro Petrobras ADR's stock price closed at $12.65. They are up 14.9% in the last month and down -8.27% in the last 12 months.
According to Investing Pro, Petroleo Brasileiro Petrobras ADR's fair value is $18.21, an upside of 43.94%. Petroleo Brasileiro Petrobras ADR's fair value comes with a medium degree of uncertainty, according to InvestingPro.
Check out Petroleo Brasileiro Petrobras ADR's recent earnings performance and financials here.

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