Pbr stock forecast energy sector strategists have raised

Energy sector strategists have raised their PBR stock forecast after Petrobras announced record-breaking pre-salt production for April. These output levels strengthen cash flow visibility through mid-2024, making dividend yields above 10% more sustainable. Yahoo Finance finance.yahoo.com › research › stock-forecast Petróleo Brasileiro S.A. – Petrobras is a Brazilian multinational corporation in the petroleum industry, primarily engaged in the exploration, production, refining, and distribution of oil and gas. The company is a major player in the global energy market with a significant focus on the Brazilian market. Strong refining margins in Q1 have led some analysts to mark up their PBR stock forecast, particularly for Petrobras’ downstream segment profitability outlook.