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Top related persons:
Goldman Sachs - 1 Bruno Amorim - 1 Amorim - 1 it's - 1 — CNBC's Michael Bloom - 1
Top related locs:
Braskem
Top related orgs:
Petrobras - 1

Search resuls for: "Bruno Amorim"


2 mentions found


☆ Goldman Sachs says this Brazilian oil giant that's already up more than 30% can rally even further
  + stars: | 2023-06-21 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
An attractive valuation and diminished risks make Petrobras a buy despite its recent rally, according to Goldman Sachs. Analyst Bruno Amorim upgraded the Brazilian petroleum company to buy . His price target of $18.10 implies an upside of 27.2% over Tuesday's close, meaning the stock's rally could still have momentum. While the new pricing policy for fuel is considered convoluted, Amorim said the company should still follow international price trends. Amorim said the new policy can also potentially limit the risk of heavy subsidies on the fuel industry weighing on profitability.
Persons: Goldman Sachs, Bruno Amorim, Amorim, it's, — CNBC's Michael Bloom Organizations: Petrobras Locations: Braskem
☆ This building materials stock has pricing power and can jump 40%, Goldman Sachs says
  + stars: | 2023-05-04 | by ( Sarah Min | ) www.cnbc.com   time to read: +1 min
It's time to buy Cemex , according to Goldman Sachs. Analyst Bruno Amorim upgraded Cemex to buy after the company's strong first-quarter results, citing strong pricing power amid easing inflation for the concrete and building materials company. "[We] upgrade Cemex to Buy reflecting a better than expected pricing environment as evidenced by 1Q23 results," Amorim wrote in a Wednesday note. CX YTD mountain Cemex shares YTD The U.S.-listed shares of Cemex are surging this year, higher by 55%. Meanwhile, the analyst's 12-month price target of $9 implies shares could jump 43% from Wednesday's close.
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