Tenaris SA
TEN: XMIL (ITA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€17.00 | Zmlr | Yynhzrcm |
Tenaris Earnings: Increasing Offshore Drilling Promises a Strong 2024 for Tenaris
We maintain our $37 fair value estimate of no-moat Tenaris after the company closed 2023 with a robust fourth quarter.