Stifel Maintains Buy on Tenaris, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Stephen Gengaro maintains a Buy rating on Tenaris (NYSE:TS) but lowers the price target from $37 to $36.
October 11, 2024 | 2:45 pm
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NEUTRAL IMPACT
Stifel analyst Stephen Gengaro maintains a Buy rating on Tenaris but lowers the price target from $37 to $36, indicating a slight adjustment in expected valuation.
The Buy rating suggests continued confidence in Tenaris's performance, but the slight reduction in the price target indicates a minor adjustment in expected valuation. This may lead to a neutral short-term impact on the stock price as the overall sentiment remains positive.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100