Tenaris Reaches Analyst Target Price
August 01, 2016 at 07:55 AM EDT
In recent trading, shares of Tenaris SA (TS) have crossed above the average analyst 12-month target price of $26.50, changing hands for $26.72/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..