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Fly News Breaks for January 10, 2019
PBR
Jan 10, 2019 | 07:20 EDT
Barclays analyst Paul Cheng double downgraded Petrobras to Underweight from Overweight and lowered his price target for the shares to $17 from $19. The analyst cites the share price outperformance, with the stock up 52% since June 2018, and potential political risk with the new Brazilian administration taking office for the double downgrade.
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