Jefferies Downgrades Petrobras Brasileiro to Hold, Lowers Price Target to $19

Benzinga Newsdesk www.benzinga.com Negative 91.0%

Neg 91% Neu 0% Pos 0%

Jefferies analyst Alejandro Demichelis downgrades Petrobras Brasileiro (NYSE:PBR) from Buy to Hold and lowers the price target from $20.3 to $19.