Tenaris price target raised to $45 from $37 at Stifel

Stifel raised the firm’s price target on Tenaris (TS) to $45 from $37 and keeps a Buy rating on the shares. Q3 revenue and adjusted EBITDA beat the firm’s projections by 6.2% and 20.2%, respectively, and “easily surpassed” the consensus, the analyst tells investors.