Market Overview

UPDATE: Dahlman Rose Downgrades Tenaris to Hold on Valuation

Related TS
Top Performing Industries For December 16, 2014
Top 4 NYSE Stocks In The Metal Fabrication Industry With The Highest Operating Margin

Dahlman Rose downgraded Tenaris (NYSE: TS) from Buy to Hold.

Dahlman Rose commented, "We are downgrading Tenaris to Hold from Buy. TS is trading within 12% of our fair value estimate of $45 per share. We do not see material upside to growth or margins due to the decline in North American OCTG prices over the past nine months and see 2013 as a transition year for the company."

Tenaris closed at $40.06 on Friday.

Latest Ratings for TS

Oct 2014ISI GroupInitiates Coverage onHold
Jul 2014FidentisDowngradesBuyHold
Jun 2014Guggenheim SecuritiesUpgradesNeutralBuy

View More Analyst Ratings for TS
View the Latest Analyst Ratings

Posted-In: Dahlman RoseAnalyst Color Downgrades Analyst Ratings


Related Articles (TS)

Around the Web, We're Loving...

Get Benzinga's Newsletters