Tenaris price target raised to $72 from $56 at Barclays

Barclays analyst J. David Anderson raised the firm’s price target on Tenaris (TS) to $72 from $56 and keeps an Overweight rating on the shares. The firm adjusted ratings and targets in the European energy services space, saying the full impacts of the Middle East crisis yet to filter to the consumer. Barclays sees the longer-term implications for the sector outweighing current uncertainties and lifted its price targets across the group.