Vallourec Shares Climb to €24.20: Morgan Stanley Raises Target to €24
Vallourec's stock is up 2.54% at €24.20 in early afternoon trading, among the top five gains in the SBF 120. Morgan Stanley has raised its price target on the seamless tube specialist from €20 to €24, while maintaining its Market Weight rating. The session comes two days before the release of the first quarter 2026 revenue.
Morgan Stanley Aligns Target with Current Price
The American firm raised its price target on Vallourec from €20 to €24 this Monday, a 20% increase in its target, without changing its recommendation to Market Weight. The new target is now almost aligned with today's price (€24.20), which leaves limited residual upside potential according to the firm. This move comes two days before the quarterly publication on May 13. The stock has shown a +46% increase over the year and +30.9% over three months, despite a weekly decline of 5.65% following the early May Brent downturn. Net short positions reported to the AMF remain high at 8.76% of the capital, distributed among four funds including Natixis (4.09%) and LMR Partners (1.91%), according to the last publication on April 17. On the non-financial front, the group confirmed this Monday the renewal of its EcoVadis platinum medal with a score of 86/100, placing it in the top 1% of evaluated companies.
Stock Rebounds After a Week of Decline
Today's rebound mitigates a weekly decline of 5.65%, triggered by the Brent's fall to around 99 dollars. The barrel remains under geopolitical tension related to the stalemate between Tehran and Washington and the ongoing risk in the Strait of Hormuz, a sector context in which the tube manufacturer for the oil and gas industry operates. The price is slightly below its 20-day moving average (€24.34), but remains well above the MM50 (€21.87, +10.65% gap) and MM200 (€17.74, +36.41% gap), indicating a strong underlying upward trend. The RSI at 49 is in the neutral zone, at mid-Bollinger band (46%). The identified resistance is at €25.65, with support at €21. The Paris market is moving against the current, with the SBF 120 down 1.09% in session. Next appointment: the publication of the first quarter revenue on May 13, 2026.
