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Secondo l'analista di Morgan Stanley TS potrebbe correggere fino a $ 40...
"Conclusion: Given the recent strong run in the shares,
the mixed quarter and the generally tough energy tape,
we would be surprised if the recent correction in the TS
shares is completely over - and we expect the ADS’s to
establish a base in the low $40s near term. However,
given the strong long term outlook, attractive valuation
and the potential for a positive surprise in the second
quarter, we would use likely continued near term
volatility as an entry point into the stock. TS has a lot
of leverage to the upcoming offshore and deepwater
drilling cycles as well as a dominant position in Saudi
Arabia and the Caspian, and should see earnings
growth over the rest of the decade. We have increased
our price target in line with our positive 2008 earnings
revision and we reiterate our Overweight-V stance."
"Conclusion: Given the recent strong run in the shares,
the mixed quarter and the generally tough energy tape,
we would be surprised if the recent correction in the TS
shares is completely over - and we expect the ADS’s to
establish a base in the low $40s near term. However,
given the strong long term outlook, attractive valuation
and the potential for a positive surprise in the second
quarter, we would use likely continued near term
volatility as an entry point into the stock. TS has a lot
of leverage to the upcoming offshore and deepwater
drilling cycles as well as a dominant position in Saudi
Arabia and the Caspian, and should see earnings
growth over the rest of the decade. We have increased
our price target in line with our positive 2008 earnings
revision and we reiterate our Overweight-V stance."
