With "new opportunities", Itaú BBA raises target price HRT
RIO DE JANEIRO -The influential financial InfoMoney electronic magazine published today the report Itaú BBA, the investment arm of Brazil's largest private bank, which raised its recommendation of HRT (HRTP3). In addition, a new target price was established for the company. In a report signed by analysts Paula Kovarsky, Diego Mendes and Pablo Castelo, "Oil, Gas & Petrochemicals," team raised the HRT shares to "market perform" and established new target price, which rose from 12 reais in 2014 to 13 reais, 2015 the bank justifies the update is related to the ability of the company to cut costs and build a more solid cash position, allowing the company to find new opportunities. Since February, HRT has as substantial shareholder businessman Nelson Tanure that put a focus on the production of mature oil fields, leaving the farm which is very costly for a medium sized company.
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