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Stock impact report

Is Petroleo Brasileiro (PBR) One of the Must-Buy Non-Tech Stocks to Invest in Now? [Yahoo! Finance]

Petroleo Brasileiro S.A. Petrobras American Depositary Shares representing Preferred Shares (PBR.A) 
US:NYSE Investor Relations: investidorpetrobras.com.br/en
Company Research Source: Yahoo! Finance
Is Petroleo Brasileiro (PBR) One of the Must-Buy Non-Tech Stocks to Invest in Now? Copyright: 1971yes / 123RF Stock Photo The equity research firm pointed to the company's strong cash generation and solid dividend yield as factors for its renewed bullish stance on the stock. It sees the company delivering dividend yields in the range of 11% to 12% for the next two years. Additionally, UBS cited higher gasoline and diesel prices as positive for the state-run Brazilian oil and gas giant. But even without fuel price increases, the firm projects that Petroleo Brasileiro, which is also called Petrobras, would pay a dividend yield of around 10% in 2026. On the same day that UBS raised its price target on Petrobras, Reuters reported that the company had made a new discovery of high-quality oil in the ?Campos Basin pre-salt area. The report stated that Petrobras made the discovery at an exploratory well in an area off the coast of Rio de ?Janeiro state. On March 17, Petrobras discl Show less Read more
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