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Fly News Breaks for January 14, 2020
TS
Jan 14, 2020 | 08:48 EDT
BTIG analyst Igor Levi lowered his price target on Tenaris to $35, updating his model after the company completed its acquisition of IPSCO and as it begins its work to realize $80M in synergies. The analyst is still keeping his Buy rating on the stock, with favorable pricing trends expected for its international markets and strong volume growth expected to offset its U.S. headwinds.
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."
