BrazilOct 06, 2026, 4:37 PM ETPetróleo Brasileiro S.A. - Petrobras (PBR) Stock, PBR.A StockJames FoordInvesting Group LeaderSummaryPetróleo Brasileiro remains a Buy, with a $29 price target by October 2027, driven by political catalysts and strong fundamentals.PBR trades at 5x forward earnings with a nearly 9% yield, outperforming US majors on valuation and recent total return.Bolsonaro’s potential presidency could remove export taxes and improve governance, but fuel price intervention remains a risk under any government.Record Q2 2026 results highlight robust production and cash flow, but government taxes and subsidies continue to impact profitability and capital allocation.This idea was discussed in more depth with members of my private investing community, The Pragmatic Investor.