JPMorgan Favors Petrobras Over Vale in Battle of Brazilian Stocks


For investors looking to get in on the equity boom in Brazil via commodity titans Vale or Petrobras, JPMorgan has some ideas about the best bet.

The bank examined output growth, costs, capital expenditure, profitability, free cash flow, valuation and the outlook for commodities. Its conclusion: Oil giant Petroleo Brasileiro SA is the most appealing option for stock pickers.

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