Tenaris SA, the Energy sector company, was revisited by a Wall Street analyst today. Analyst Marc Bianchi from TD Cowen maintained a Buy rating on the stock and has a $43.00 price target.
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Marc Bianchi has given his Buy rating due to a combination of factors that suggest potential long-term growth for Tenaris SA despite short-term challenges. The company has faced a cautious outlook due to muted improvements in Pipe Logix and potential impacts from in-transit imports, which could affect near-term performance. However, Bianchi anticipates that pricing will eventually improve, especially as project startups are expected to pick up in the second half of 2025, potentially marking a bottom for the company.
Furthermore, while Tenaris is experiencing some margin contraction due to tariffs and product mix, the long-term outlook remains positive. The anticipated reduction in imports and inventory levels, along with the commencement of offshore projects and a recovery in key markets like Mexico and Argentina, are expected to drive improvements in 2026. Additionally, a trade deal with Mexico could mitigate some tariff impacts, enhancing Tenaris’s competitive position. These factors contribute to Bianchi’s optimistic view and Buy rating for the stock.
According to TipRanks, Bianchi is a 3-star analyst with an average return of 1.4% and a 44.14% success rate. Bianchi covers the Energy sector, focusing on stocks such as Tenaris SA, NOV, and Baker Hughes Company.