Morgan Stanley Boosts Petrobras Target To $61.

From Bloomberg.

Morgan Stanley joins UBS in upgrading Petrobras ADRs.

Morgan estimates PBR's 2010 earnings will increase 54%!

Another rosy view by Wall Street of future crude oil prices and Petrobras future capacity.

We'll see.

Morgan Stanley Raises Petrobras Target to $56

Morgan Stanley has raised the target price for Petrobras adrs to $56...from $30...based on the recent strong performance of oil.

http://www.bloomberg.com/apps/news?pid=20601086&sid=aTD3SW2O6EjA