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Fly News Breaks for July 7, 2016
PBR
Jul 7, 2016 | 07:58 EDT
Morgan Stanley analyst Bruno Montanari upgraded Petrobras to Overweight and raised its price target to $9.50 from $6. The analyst has increase confidence given higher oil prices, the stronger BRL, refining that is generating significant free cash flow, and reduced liquidity risk.
News For PBR From the Last 2 Days
PBR
Apr 25, 2024 | 14:08 EDT
PBR
Apr 25, 2024 | 13:57 EDT
Petrobras said it approved the remuneration to shareholders for the 2023 fiscal year. The total gross amount remaining to be distributed to shareholders, considering monetary adjustment to date, is equivalent to R$2.895 per share and will be paid in two equal installments in May and June.
PBR
Apr 25, 2024 | 13:35 EDT
PBR
Apr 25, 2024 | 13:15 EDT
Brazil's government proposes in a shareholders meeting that Petrobras pay out 50% of extra dividends relative to 2023 results, reported Reuters. Petrobras shares trading in New York are up fractionally in afternoon trading to $16.89.
