Societe Generale Reiterates Buy on Petrobras on Increased Brazilian Diesel Prices

In a report published Wednesday, Societe Generale reiterated its Buy rating and $23.00 price target on Petroleo Brasileiro Petrobras (NYSE: PBR ). Societe Generale noted, “After yesterday's close, Petrobras announced a 5% increase in Brazilian diesel prices received. While this readjustment does not include Brazilian state and federal taxes, this