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Search resuls for: "Alejandro Anibal Demichelis"


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Copper prices are in the midst of a sharp rally, and there are a few stocks investors could check out to play the trend, according to Strategas. In a Thursday report, he called out the "explosive move from copper" and identified stocks with exposure to the metal that are breaking out of their multi-year ranges. The average price target suggests downside of about 3% from current levels. The average price target suggests 29% downside from current levels. He also raised his price target to $130 from $91, implying that shares could rally about 17% from their Friday close.
Persons: Chris Verrone, Bernstein, Bob Brackett, Brackett, Jefferies, Alejandro Anibal Demichelis, Demichelis Organizations: Copper, Southern Locations: U.S, Freeport, McMoRan, McRoRan, Indonesia, Mexico
For Brazilian oil and natural gas giant Petrobras , Jefferies says to "let the assets do the talking." It believes its pre-salt oil portfolio offshore Brazil gives it one of the strongest asset bases among global energy names — but shares are currently trading at a 30% discount to its peers. The market underappreciates PBR's high margin pre-salt assets & cash returns ability in an US$80/bbl oil world," analyst Alejandro Anibal Demichelis wrote in a Thursday note. Jefferies' set a $21.20 price target on shares, which implies nearly 38% upside potential from Wednesday's close. In comparison, other international oil companies have an average of 11% shareholder distribution yields and 5% dividend yields, according to Demichelis.
Persons: Jefferies, Alejandro Anibal Demichelis, Demichelis, — CNBC's Michael Bloom Organizations: Petrobras, bbl, PBR's CF, PBR, West Texas Locations: Brazil
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