Tenaris shares are trading higher after Jefferies initiated coverage on the stock with a Buy rating and announced a $41.8 price target.
Portfolio Pulse from Benzinga Newsdesk
Jefferies has initiated coverage on Tenaris with a Buy rating and a price target of $41.8. This has led to an increase in Tenaris' stock price.
June 29, 2023 | 2:09 pm
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Jefferies' Buy rating and $41.8 price target for Tenaris has led to a rise in the company's stock price.
Analyst ratings and price targets can significantly influence a company's stock price. In this case, Jefferies' positive outlook on Tenaris has led to an increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100