Tenaris Downgraded to Sell Amid Currency Fluctuations and Sales Concerns

Analyst Christopher Kuplent downgrades Tenaris to Sell due to currency fluctuations, sales concerns, and market uncertainties. The price target is reduced to €16.00. The downgrade is based on a change in foreign exchange assumptions, concerns about sales performance with key clients, a more conservative outlook on international growth, and uncertainties in the North American market.

Analyst Christopher Kuplent of Wall Street Zen has downgraded Tenaris (NYSE: TS) to a "sell" rating, citing concerns over currency fluctuations, sales performance with key clients, and market uncertainties. The price target has been reduced to €16.00. The downgrade is based on a change in foreign exchange assumptions, concerns about sales performance with key clients, a more conservative outlook on international growth, and uncertainties in the North American market [1].

Tenaris, an industrial products company specializing in seamless and welded steel tubular products for the oil and gas industry, has seen its stock face significant headwinds. The company's quarterly earnings report, released on April 30, showed earnings per share (EPS) of $0.94, beating analyst estimates by $0.14. However, revenue was down 15.1% compared to the same quarter last year, indicating a challenging sales environment [1].

The downgrade comes amidst a backdrop of mixed analyst ratings. While some analysts have maintained a "buy" or "overweight" rating, others have expressed caution. Morgan Stanley, for instance, lowered its price target to $34.00 and set an "underweight" rating, while Stifel Nicolaus reduced its price target to $41.00 and set a "buy" rating [1].

Institutional investors have also been active in Tenaris' shares. Brooklyn Investment Group, Harbour Investments Inc., and EverSource Wealth Advisors LLC have significantly increased their holdings in the company, while others like GAMMA Investing LLC and Covestor Ltd have also shown interest [1].

Tenaris' share repurchase program, authorized to buy back $1.20 billion in shares, indicates that the company's board believes its shares are undervalued. However, the recent downgrade suggests that the market may not agree, at least for the time being.

In conclusion, Tenaris faces a challenging environment with currency fluctuations, sales concerns, and market uncertainties. Investors should closely monitor the company's performance and the evolving views of analysts as the situation unfolds.

References:
[1] https://www.marketbeat.com/instant-alerts/tenaris-nysets-stock-rating-lowered-by-wall-street-zen-2025-07-13/
[2] https://www.marketbeat.com/instant-alerts/tenaris-nysets-coverage-initiated-by-analysts-at-sanford-c-bernstein-2025-07-21/