In a report released today, Marc Bianchi from TD Cowen maintained a Buy rating on Tenaris SA, with a price target of $60.00.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Marc Bianchi has given his Buy rating due to a combination of factors, starting with Tenaris’s steadily strengthened competitive position over the past two decades via deeper integration across steelmaking, pipe production, and closer alignment with leading oil and gas producers. This integrated model, combined with scale and supply-chain flexibility, makes the company particularly resilient and attractive for long-term investors seeking quality exposure to the energy sector.
He also views near-term prospects favorably, noting that management’s outlook may be cautious and that recent guidance finally points to sequential improvement, with stabilizing pipe prices that he believes are more likely to rise than fall as U.S. tariffs are fully reflected in imports. Although valuation has become richer, he argues this is consistent with other high-quality names in the space and sees additional potential upside from possible U.S. trade actions that could further restrict imports and support domestic pricing, with Pipe Logix data as a key indicator to monitor.
Bianchi covers the Energy sector, focusing on stocks such as Tenaris SA, Baker Hughes Company, and TechnipFMC. According to TipRanks, Bianchi has an average return of 4.4% and a 48.18% success rate on recommended stocks.