Bradesco BBI recently lowered the target price for PRIO (PRIO3) from R$75 to R$70. This change reflects lower short-term production estimates and potential delays in key projects like Wahoo and Albacora Leste. These delays result from a strike by the environmental regulatory body Ibama, which has significantly affected project timelines. Brazil’s PRIO, formerly PetroRio, plays […]
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Industrial Confidence in Brazil Rises for Third Month in a Row
In June, the Industrial Confidence Index (ICI) climbed for the third month straight, rising by 0.4 points to 98.4. This growth is part of a trend reflecting a broader recovery in the industrial sector, despite some ongoing challenges. The Fundação Getúlio Vargas (FGV) released these findings on June 26. On a quarterly moving average basis, […]
