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Petroleo Brasileiro S.A. - Petrobras (NYSE:PBR) Reaches New 1-Year High Following Analyst Upgrade
Petroleo Brasileiro S.A. - Petrobras (NYSE:PBR) reached a new 52-week high after Goldman Sachs raised its price target to $15.00 and maintained a Buy rating. The stock traded as high as $15.97 with significant volume, following several positive analyst upgrades. The company also announced a special dividend of $0.0658 per share, and large institutional investors have increased their holdings.