AEAbroker escribió:Petrobras +6% as Q1 results coming May 15 http://m.seekingalpha.com/news/2453416?source=ansh $PBR
Petrobras (PBR +6%) racks up a second straight day of strong gains after it released financial statements that had been delayed by the corruption scandal and on news that it will report Q1 earnings on May 15.
Providing some short-term relief to investors, Fitch Ratings says PBR had averted the risk of an imminent credit downgrade but could still lose its investment grade over the next couple of years.
Cowen analysts raise their price target on PBR shares to $11.50 from $9, applauding the company's "new emphasis" on de-leveraging, capital discipline and a "more shareholder friendly strategy."
However, J.P. Morgan says it is "not very convinced" with PBR's plan and says further strength would provide an opportunity for investors to reduce risk on the bonds.