As a seasoned market observer, I’ve had the privilege of tracking Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) (NYSE:PBR.A) since October 2023. Initially, I was bullish on the stock, maintaining a “Buy” rating until July of this year. However, as market conditions evolved, I reassessed my stance and downgraded it to “Hold”.
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Important notes: As of this writing, I do not hold any positions in the mentioned companies, but I may initiate a long position within the next 72 hours through stock purchases or call options. This article reflects my personal opinions and is not influenced by any external compensation or business relationships. It’s essential to remember that past performance is not indicative of future results, and individual investors should carefully assess their own risk tolerance and investment goals before making any decisions.
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