Target is $17 by year end...also BRL will appreciate that will benefit PBR buyers. Take the recommendations of Zack's analyst with large doses of salts of disbelief...they are all paid cronies for hedgies, JPM and Goldman Sc@ms
I doubt if anyone cares but I thought I will say that while it could swing higher to kill any remaining shorts but I'd sell here...longer term I will stay away from Petrobras as the simply put too many production challenges in a complex and politically charged environment.
Folks while I know long run we will see $17 in the short term we may go back down to $13 range....trade accordingly and do not trust JPM, GS....Zacks obviously is their stooge and are the so called self proclaimed experts on seeking alpha :)
I am long PBR and VALE so it doesn't matter to me if it's being downgraded by Zack's or anyone else. I understand the brazilian market very well and these two companies will make investors very happy in the next few years. If it goes below $13 I'll be adding with both hands.
do you comprehend what were written here ? Zacks has been rated PBR as a strong sell for the past 12 months.. what's new ??????? Financial outlets waited until it is at the bottom, and then regurgitate like a new news again... google ZACKS rating of PBR 6 months ago, what do you know ???
I hope you are not making investment decisions based on Zacks' calls...they asked their clients to buy PBR all the way from 30 to 14. Wall St. has no credibility whatsoever...stay long PBR stay long Brazil.
Sentiment: Strong Buy
when GS (Good Scammer) and JPM (Just Part of Manipulation) recommend to sell that means they're buying. they're consistently taking the other side of the bet against their clients and everyone should known that by now... if you don't know that then either you're naive or stupid..you need to google these known facts about these scammers ..