Stifel lowered the firm’s price target on Tenaris (TS) to $41 from $43 and keeps a Buy rating on the shares. Ahead of Q1 earnings season, the firm is updating its oilfield services and equipment group earnings models to reflect modestly lower Q1 activity than expected as well as a more cautious near-term outlook, the analyst tells investors in a preview.
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Read More on TS:
- Tenaris S.A. Releases 2024 Annual Report Highlighting Financial and Sustainability Performance
- Tenaris Announces 2024 Annual Report Filing and Upcoming Shareholder Meetings
- Tenaris Advances USD 700 Million Share Buyback Program
- Tenaris Completes USD700 Million Share Buyback Program
- Tenaris price target raised to $50 from $48 at Piper Sandler
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