Jefferies & Co Downgrades Tenaris S.A. (TS) to Hold

May 8, 2009 7:54 AM EDT

Jefferies & Co downgrades Tenaris S.A. (NYSE: TS) from Buy to Hold.

Tenaris S.A. is a holding company engaged in steel pipe manufacturing and distributing operations. It supplies tubes and related services for the energy industry and certain other industrial applications.

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