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Fly News Breaks for March 24, 2016
PBR
Mar 24, 2016 | 06:31 EDT
Deutsche Bank analyst Alexander Burgansky downgraded Petrobras to Sell saying he sees no upside for the equity with negative net income likely in both 2016 and 2017. Negative income removes any hope for a dividend, Burgansky tells investors in a research note. He lowered his price target for the shares to BRL 5.10 from BRL 7.30.
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