Morgan Stanley Maintains Overweight on Tenaris, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Connor Lynagh has maintained an Overweight rating on Tenaris (NYSE:TS) but lowered the price target from $40 to $38.
October 17, 2023 | 2:44 pm
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NEUTRAL IMPACT
Morgan Stanley has maintained an Overweight rating on Tenaris but lowered the price target from $40 to $38.
The news is directly about Tenaris. While the Overweight rating is maintained, which is positive, the lowering of the price target might have a neutral to slightly negative impact on the stock in the short term as it indicates a lower future valuation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100