Marcos M Severine

Petroleo Brasileiro SA - Petrobras (ADR) (NYSE: PBR) shares have lost 42 percent year-to-date, trading below the $5 mark since September 9. JP Morgan’s Marcos M Severine maintained a Neutral rating on the company. While stating that the price hikes announced by the company are...

In a report published Monday, JPMorgan analysts Marcos Severine and Felipe Santos upgraded their rating on shares of Petroleo Brasileiro Petrobras SA (ADR) (NYSE: PBR) from Neutral to Overweight, fixing a price target of $10.50 (BRL18/sh for PETR4 and PETR3) for next year. The experts continue...