Report
Tenaris : Facilities at a standstill for maintenance = margins under pressure
>Underperform recommendation and TP adjusted to € 14.7 - Post publication and conference call (for more details on the results, see our First Take of 26 April 24), we are adjusting our EBITDA guidance downwards by an average of 8% over 2024-2026 (with a sharper decline of 10% over 2024 due to the large number of facility shutdowns scheduled for Q3 2024). As a result, we are reiterating our Underperform recommendation on the stock and adjusting our price target to...
Underlying
TENARIS S.A.
Provider
Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Baptiste Lebacq
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