Report
Tenaris : Trend in market fundamentals remains very favourable
>Underperform rating maintained - target price raised to € 15.7 - Post publication and conference call (for more details on the results, see our First Take of 22 February 2024), we are raising our EPS guidance by an average of 6% in view of a stronger-than-expected momentum. We reiterate our Underperform recommendation on the stock and raise our price target to € 15.7 (based on N12M EBITDA of 4x). While the downside may seem limited, the other players in the tub...
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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