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Tenaris SA (Symbol: TS) shares recently traded at $41.34, exceeding the average 12-month analyst target price of $41.33. This milestone prompts analysts to either downgrade the stock due to valuation or adjust their targets higher based on the company’s performance.
There are 11 analysts contributing to this target, with projections ranging from a low of $18.83 to a high of $49.00, yielding a standard deviation of $8.359. Current analyst ratings include 7 strong buy, 5 hold, and 1 sell, resulting in an average rating of 1.98, where 1 indicates a strong buy.
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