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Fly News Breaks for February 13, 2017
PBR
Feb 13, 2017 | 05:47 EDT
JPMorgan analyst Rodolfo Angele upgraded Petrobras to Overweight saying the shares are back to September 2016 levels despite "many positive" developments since then. The analyst highlights higher oil prices, the adoption of a pricing policy to divestitures and victories in class action cases. He raised his price target for Petrobras shares to $13.50 from $12.
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