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Fly News Breaks for September 25, 2018
TS
Sep 25, 2018 | 06:16 EDT
BofA/Merrill analyst Joao Vicor Lorenzi double upgraded Tenaris to Buy from Underperform and raised its price target to $40 from $30. Lorenzi expects Tenaris to benefit from a sustained, broad based recovery in its end markets that should result in a muli-year period of strong earnings momentum. The analyst also said the recent pullback in shares has created a compelling buying opportunity.
News For TS From the Last 2 Days
TS
Apr 18, 2024 | 05:18 EDT
Morgan Stanley downgraded Tenaris to Underweight from Overweight with a $40 price target. The firm says the stock screens less favorably versus its global peers on key drivers. Shareholder returns upside represents a less meaningful catalyst at this point relative to the last 12 months, the analyst tells investors in a research note.
