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Fly News Breaks for February 4, 2016
PBR
Feb 4, 2016 | 05:46 EDT
JPMorgan analyst Marcos Severine downgraded Petrobras to Underweight saying very low Brent prices, currency devaluation and the company's limited access to the debt market makes the investment risky. Severine estimates Petrobras's cash needs will reach $74B in between 2016 and 2019.
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