UPDATE: Morgan Stanley Reiterates on Petrobras Following LT Size Definition
February 26, 2014 at 09:32 AM EST
In a report published Wednesday, Morgan Stanley analyst Bruno Montanari reiterated an Overweight rating on Petrobras (NYSE: PBR ), but removed the $19.50 price target. In the report, Morgan Stanley noted, “Normalized results were slightly better than our model, but we focus on the LT strategic plan. By defining its