Difficult start in Piazza Affari for Tenaris, which during the first exchanges travels to the bottom of the Ftse Mib, losing just over one percentage point, at 11,79 euros.
Yesterday, Bernstein's analysts had cut the target price of the stock from 16 to 13 euros, while keeping the rating unchanged at "market-perform".
Tenaris, which produces pipes and services for oil and gas exploration and production, is also feeling the effects of fresh declines in crude oil. In the morning, Brent fell to 50 dollars a barrel (-2,15%) and Wti to 47,09 (-1,75%).
