Petrobras Skyrockets 8.65% Amid Upgraded Ratings; Atlassian and CNQ Also Gain Momentum
Generated by AI AgentAinvest Market Brief
Monday, Aug 26, 2024 6:30 pm ET1min read
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1. Brazilian Petroleum-Petrobras (NYSE: PBR)
Brazilian Petroleum-Petrobras surged by 8.65%. Morgan Stanley upgraded Brazilian Petroleum to Overweight, raising the price target to $20.00. UBS maintains a Buy rating, lowering the price target to $18.10. Brazilian Petroleum's H1 2024 earnings report showed revenue of $472.35B and net profit of $44.80B.
2. Atlassian (Nasdaq: TEAM)
Atlassian gained solidly by 3.14%. Atlassian disclosed multiple insider transactions in August 2024. Significant shareholders, including Farquhar Scott and Cannon-Brookes Michael, sold shares on various dates, with several disclosures occurring between August 13 and August 26, 2024.
3. Canadian Natural Resources Limited (NYSE: CNQ)
Canadian Natural Resources Limited gained mildly by 2.75%. Canadian Natural Resources reported second-quarter fiscal 2024 results on August 1, with net income rising year-over-year. RBC Capital reiterated its "Outperform" rating and raised the price target to $62.00. Wells Fargo maintained a "Hold" rating with a $52.00 target.
Brazilian Petroleum-Petrobras surged by 8.65%. Morgan Stanley upgraded Brazilian Petroleum to Overweight, raising the price target to $20.00. UBS maintains a Buy rating, lowering the price target to $18.10. Brazilian Petroleum's H1 2024 earnings report showed revenue of $472.35B and net profit of $44.80B.
2. Atlassian (Nasdaq: TEAM)
Atlassian gained solidly by 3.14%. Atlassian disclosed multiple insider transactions in August 2024. Significant shareholders, including Farquhar Scott and Cannon-Brookes Michael, sold shares on various dates, with several disclosures occurring between August 13 and August 26, 2024.
3. Canadian Natural Resources Limited (NYSE: CNQ)
Canadian Natural Resources Limited gained mildly by 2.75%. Canadian Natural Resources reported second-quarter fiscal 2024 results on August 1, with net income rising year-over-year. RBC Capital reiterated its "Outperform" rating and raised the price target to $62.00. Wells Fargo maintained a "Hold" rating with a $52.00 target.
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