Grupo Santander upgraded Petrobras (PBR) to Outperform from Neutral with a $24 price target The firm cites the company’s better upstream momentum and “more contained” downstream risks for the upgrade.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PBR:
- Petrobras Pays R$72.4 Billion in Taxes and Government Take in First Quarter of 2026
- Petrobras Details $13 Billion Energy Transition Push and 2050 Net-Zero Ambition in 2025 Climate Report
- Petrobras Sets May 20 Payout for 4Q 2025 Shareholder Remuneration
- Petrobras Posts Higher Q1 2026 Revenue and Stronger Balance Sheet
- Petrobras Posts Higher Assets but Rising Short-Term Debt in Q1 2026 Interim Figures