Morgan Stanley Comes Away from Meeting with Petrobras CEO with Positive Outlook
December 17, 2013 at 09:24 AM EST
In a report published Tuesday, Morgan Stanley analyst Bruno Montanari reiterated an Overweight rating and $20.80 price target on Petrobras (NYSE: PBR ). In the report, Morgan Stanley noted, “While nothing really new came out of the meeting, PBR's senior management initiative to have a close and candid conversation with