PETROBRAS EGY (PZE) Downgraded by Zacks to UNDERPERFORM

Zacks Zacks Investment Research downgraded shares of PETROBRAS EGY (PZE) from NEUTRAL to UNDERPERFORM on July 26, 2012, with a target price of $8.00.

PEREZ COMP -ADR leads a group of companies mainly engaged in the energy sector, this being its main business. Pecom will continue consolidating its position in the businesses where it participates, both in Argentina and abroad, based on the use of state-of-the art technology, the full development of its human resources and a high commitment towards environmental protection.

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