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Fly News Breaks for May 24, 2018
PBR
May 24, 2018 | 06:12 EDT
As previously reported, BofA/Merrill downgraded Petrobras to Neutral from Buy and cut its price target to $30 from $35 following the announcement the company was lowering diesel prices by 10% in response to political pressures. Analyst Frank McGann said the price reduction in response to protests by truckers will likely mark a credibility issue that may be difficult to recover from, and may continue to be a key driver of policy during this presidential election year.
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.
