BofA downgraded Tenaris (TS) to Underperform from Neutral with an unchanged price target of EUR 17.50. Given Tenaris is more than 40% exposed to the U.S. for its revenues, and the firm is ...

Tenaris, a leading energy services company, controls over 50% of the global OCTG market and has almost no long-term debt, enhancing its fundamental appeal. Despite recent good results and growth ...