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UPDATE: Barclays Upgrades Petroleo Brasileiro Petrobras SA On Positive Outlook With Brazilian Elections
Friday, July 25, 2014 - 11:58am | 71In a report released Friday, Barclays analyst Paul Cheng upgrades Petroleo Brasileiro Petrobras SA (NYSE: PBR) from Equal-Weight to Overweight and raised its price target from $22 to $23. Cheng said that Petroleo will benefit from the upcoming Brazilian presidential elections in October....
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Exxon Mobil Shares Slightly Lower On Barclays Downgrade
Friday, July 25, 2014 - 9:36am | 67In a report published Friday morning, Barclays analyst Paul Cheng downgraded Exxon Mobil (NYSE: XOM) from Equal-weight to Underweight, but raised the price target from $100 to $105. The downgrade comes amid beliefs that the company will face near-term headwinds due to a lack of production...