Elections and Production Can Make Petrobras Climb up to 25%, Says BTG

Globo

Lean Right

Factuality

Ownership

In the first round of negotiations after the first round of the presidential elections, Petrobras' and Banco do Brasil's shares were fired on the Stock Exchange. Near noon, the bank's roles advanced 12.3%, at R$ 26.64, while Petrobras's roles reached a new historical peak. Oil preferential shares (PETR4, without a vote) advanced 6.47%, at R$ 54.48, while ordinary shares (PETR3, with a vote) rose 5.5%, at R$ 59.71.

monitordomercado.com.br

Factuality

Ownership

After the result of the first round of the presidential elections, BTG Pactual stated that it sees room for Petrobras' shares (PETR3 and PETR4) to rise between 20% and 25% before the valuation (assessment of the company's value) becomes a concern. A possible high fuel prices, which could improve the perception of [...] The post Elections and production can make Petrobras rise up to 25%, says BTG appeared first in Market Monitor.