Itaú BBA keeps Petrobras outperform; oil sector outlook positive on B3

Itaú BBA reiterates an 'outperform' rating on Petrobras shares despite a cautionary note, signaling continued positive sentiment for the oil sector on Brazil's B3 exchange. The warning likely refers to oil price volatility or operational risks, but the bank's stance suggests resilience. This matters as Petrobras is a key driver of Brazilian equity market performance and sentiment.