BofA analyst Caio Ribeiro downgraded Petrobras to Neutral from Buy with a price target of $16, down from $20. The firm says the company did not announce extraordinary dividends as it expected.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on PBR: