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Fly News Breaks for June 3, 2015
PBR
Jun 3, 2015 | 08:39 EDT
Tudor Pickering upgraded Petrobras to Buy with a $15 price target. The firm expects Petrobras to abandon the loss-making refinery projects and freely set pump prices, which should allow it to focus on upstream. Tudor said Petrobras has the best growth potential of the majors and some of the lowest cost oil resources in the world.
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