Petrobras (PBR) Upgraded at BofA Amid Higher Oil Prices [Yahoo! Finance]
Petroleo Brasileiro S.A. Petrobras American Depositary Shares representing Preferred Shares (PBR.A)
US:NYSE Investor Relations:
investidorpetrobras.com.br/en
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Source: Yahoo! Finance
Petrobras (PBR) Upgraded at BofA Amid Higher Oil Prices Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is one of the largest oil and gas producers in the world. The Brazilian company is mainly dedicated to exploration and production, refining, energy generation, and marketing. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) received a boost on April 17 when BofA upgraded the stock from ‘Neutral' to ‘Buy', while also raising its price target from $18.70 to $24.80. The revised target, which indicates an upside of over 21% from the current levels, comes as the analyst firm incorporated its higher oil price deck into its model. The oil and gas sector has posted a strong performance so far this year, driven primarily by soaring prices amid the Middle East conflict. However, the firm still sees an “appealing” dividend yield for 2026-27, even with many operators putting more cash into their capital expenditures. With a robust annual dividend yield of 5.80%, Petróleo Brasileiro S.A.
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