Brazilian ADRs plunge 20% as Lula wins re-election
Published 2 d ago7 sourcesEvidence: Reported
Bradesco BBI cut its price target for Petrobras shares but maintained a Buy rating, citing post-election dynamics. The move reflects a shift in analyst preferences within the oil and gas sector, though the specific reasons and magnitude of the target cut are not detailed. This is a routine analyst adjustment with limited market-moving impact.
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