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Fly News Breaks for February 23, 2018
TS
Feb 23, 2018 | 08:15 EDT
Credit Suisse analyst Michael Shillaker upgraded Tenaris to Outperform from Neutral after the company reported Q4 "clean" EBITDA of $319M, which slightly topped his estimate and more easily topped the Bloomberg consensus figure. Calling the company's outlook "quite positive," he raised his FY20 EBITDA estimate by 10% and increased his price target on Tenaris shares to EUR17 from EUR15.
News For TS From the Last 2 Days
TS
Apr 25, 2024 | 16:55 EDT
The company said, "For the second quarter, as anticipated, our sales and margins will be lower than the first quarter reflecting the ongoing decline in OCTG prices in the Americas. In the third quarter, we will have stoppages at many of our mills, including at our Siderca steel shop where we will install a new furnace that will improve our environmental footprint, and this will lead to a further decline in sales and margins in the quarter."
