The Ibovespa rose for a second straight session on Tuesday, trading above the 142,500 level. Banco Bradesco gained 2.4%, ranking among the top performers after Goldman Sachs upgraded its rating from sell to neutral and raised its price target from R$15 to R$17. Embraer advanced 2.2% following news that TrueNoord placed a $1.8 billion order for 20 E195-E2 jets. Also, Banco Pan surged over 26% after BTG Pactual announced a merger with the lender. Meanwhile, Petrobras added 0.5%, defying a sharp drop in oil prices, after Morningstar Investment Management LLC increased its stake in the company by 23.8%, to 298,508 shares valued at approximately $3.73 million.