Jefferies analyst Jamie Franklin upgrades $Tenaris (TS.US)$ to a buy rating, and adjusts the target price from $39.6 to $47.
According to TipRanks data, the analyst has a success rate of 90.0% and a total average return of 18.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Tenaris (TS.US)$'s main analysts recently are as follows:
Looking ahead to 2025, there remains a cautious outlook on the oilfield services sector due to a slowdown in capital expenditure trends internationally and offshore, coupled with further spending reductions in North America. In a tough macroeconomic scenario, companies that showcase the highest earnings resilience are likely to outperform.
Following the U.S. Election, Tenaris experienced a noticeable rally, with further value anticipated. An assessment of Tenaris' Q3 performance suggested potential to surpass consensus expectations by 2025, prompting a revised increase in FY25 EBITDA projections based on enhanced U.S. pricing assumptions.
Note:
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