Morgan Stanley Maintains Overweight Rating for Tenaris: Here's What You Need To Know

Morgan Stanley has decided to maintain its Overweight rating of Tenaris TS and raise its price target from $35.00 to $42.00.

Shares of Tenaris are trading down 4.05% over the last 24 hours, at $32.18 per share.

A move to $42.00 would account for a 30.52% increase from the current share price.

About Tenaris

Tenaris is one of the largest global producers of oil country tubular goods, which are used primarily in the construction of oil and gas wells. The company's production facilities are located primarily in the U.S., Argentina, Mexico, and Italy. Tenaris' premium OCTG products are among the most trusted by oil companies for use in the most challenging applications, including deep-water offshore as well as horizontal shale wells.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.