March 06, 2013 at 14:13 PM EST
Societe Generale Reiterates Buy on Petrobras on Increased Brazilian Diesel Prices
In a report published Wednesday, Societe Generale reiterated its Buy rating and $23.00 price target on Petroleo Brasileiro Petrobras (NYSE: PBR ). Societe Generale noted, “After yesterday's close, Petrobras announced a 5% increase in Brazilian diesel prices received. While this readjustment does not include Brazilian state and federal taxes, this
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