UBS Reduces the PT on Petroleo Brasileiro (PBR), Keeps a Buy

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is one of the Most Undervalued International Stocks According to Analysts. On August 22, Luiz Carvalho from UBS reduced the firm’s price target on Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) from $15.8 to $14.4, while maintaining a Buy rating on the stock.

Moreover, the company on August 20, reported paying the first installment of shareholder remuneration based on the company’s balance sheet as of March 31, 2025. The payments made in the form of interest on equity amounted to R$0.45 per common and preferred share.

The reduced price target by Luiz Carvalho of UBS reflects the company’s weak performance in the fiscal second quarter of 2025. The company delivered $21.18 billion in revenue, reflecting a 4.44% year-over-year decrease, and falling short of the consensus by $195.36 million. In addition, the EPS of $0.64 also missed the target by $0.22.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is a major Brazilian company specializing in the oil, natural gas, and energy industry. It is engaged in the exploration, production, refining, processing, and transportation of crude oil and natural gas.

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Disclosure: None. This article is originally published at Insider Monkey.