Tenaris price target lowered to $37 from $42 at Stifel

Stifel lowered the firm’s price target on Tenaris to $37 from $42 and keeps a Buy rating on the shares. Tenaris delivered “solid” Q2 results and “robust” free cash flow, but the firm is lowering its estimates to account for near-term headwinds, the analyst tells investors in a post-earnings note.