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Petrobras Skyrockets 8.65% Amid Upgraded Ratings; Atlassian and CNQ Also Gain Momentum

AInvestMonday, Aug 26, 2024 6:30 pm ET
1min read
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.
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.