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Rating: TS

Tenaris S.a. (NYSE: TS) downgraded to Underperform by Credit Suisse

Wednesday,  Oct 7, 2015  10:25 AM ET by Dave Ficere

Credit Suisse downgraded Tenaris S.a. (NYSE: TS) to Underperform.
Previously Credit Suisse rated Neutral Tenaris S.a. (NYSE: TS) on 03/06/2008, when the stock price was $48.79.

Tenaris Sa, a corporation organized in Luxembourg, is a leading manufacturer and supplier of seamless steel pipe products and associated services to the oil and gas, energy and other industries. Tenaris's operating subsidiaries include eight established steel pipe manufacturers: AlgomaTubes, Confab, Dalmine, NKKTubes, Siat, Siderca, Tamsa and Tavsa.

Excellence in equity and fixed income research is a hallmark of Credit Suisse. Globally, our equity research analysts provide in-depth coverage of over 2,500 companies and engage in a knowledge-sharing, value added culture that has yielded the most insightful product for our customers and tremendous competitive results. Additionally, Credit Suisse's powerful macro-economic and debt strategy teams integrate the bank's comprehensive company research with keen market perspectives of the ever-shifting investment terrain.

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