Analysts are pulling back from the Utilities sector as 1 experts expressed today bearish sentiments on and Petroleo Brasileiro SA- Petrobras (PBR).
Petroleo Brasileiro SA- Petrobras (PBR)
Raymond James analyst Pavel Molchanov maintained a Sell rating on Petroleo Brasileiro SA- Petrobras on July 14. The company’s shares closed last Thursday at $8.34.
According to TipRanks.com, Molchanov is a 4-star analyst with an average return of 4.5% and a 54.3% success rate. Molchanov covers the Utilities sector, focusing on stocks such as Maxeon Solar Technologies, Nextera Energy Partners, and Clean Energy Fuels.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Petroleo Brasileiro SA- Petrobras with a $12.55 average price target.
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