BUZZ-Tenaris SA: Morgan Stanley upgrade

jueves 11 de septiembre de 2014 07:54 GYT

** Luxembourg-based steel pipe maker's U.S.-listed shares up 1.3 pct at $45.20 premarket

** Morgan Stanley upgrades to "overweight" from "equal-weight" and raises price target to $60 from $47

** "Tenaris offers an out-of-consensus play on increased U.S. shale activity and LatAm growth driven by energy reforms in Mexico and shale boom in Argentina," analysts write in a note

** Of the 11 analysts, two rate Tenaris "strong buy", three "buy" and eight "hold", according to Thomson Reuters data

** Median price target is $50, up $3 from a month ago