EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Petróleo Brasileiro S.A. – Petrobras – PBR
Petroleo Brasileiro S.A.- Petrobras (PBR)
US:NYSE Investor Relations:
investidorpetrobras.com.br/en
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Petróleo Brasileiro S.A. – Petrobras (NYSE: PBR) resulting from allegations that Petrobras may have issued materially misleading business information to the investing public. On December 5, 2018, Reuters reported that Glencore and other trading firms paid over $30 million in bribes to employees of state-owned oil company Petrobras in a graft scheme that Brazilian prosecutors believe may still be ongoing. As part of the scheme, Petrobras employees offered the trading companies lower prices for oil, derivatives, and storage tanks, then shared in the savings. According to the article, top executives of the companies had “total and unequivocal” knowledge of the graft scheme. On this news, shares of Petrobras have fallen sharply during intraday t
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PBR
News
- Petróleo Brasileiro S.A. - Petrobras (NYSE: PBR) had its price target raised by analysts at UBS Group AG from $17.20 to $17.40. They now have a "buy" rating on the stock.MarketBeat
- Petróleo Brasileiro S.A. - Petrobras (NYSE: PBR) was upgraded by analysts at HSBC Holdings plc from a "hold" rating to a "buy" rating. They now have a $18.00 price target on the stock.MarketBeat
- Petróleo Brasileiro S.A. - Petrobras (NYSE: PBR) was downgraded by analysts at Morgan Stanley from an "overweight" rating to an "equal weight" rating. They now have a $18.00 price target on the stock, down previously from $20.00.MarketBeat
- Petróleo Brasileiro S.A. - Petrobras (NYSE: PBR) was downgraded by analysts at Bank of America Co. from a "buy" rating to a "neutral" rating. They now have a $16.00 price target on the stock.MarketBeat
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PBR
Sec Filings
- 3/22/24 - Form 6-K
- 3/22/24 - Form 6-K
- 3/21/24 - Form 6-K
- PBR's page on the SEC website