Deutsche Bank set a €22.00 ($25.58) price objective on ArcelorMittal (AMS:MT) in a research note released on Wednesday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
A number of other analysts have also commented on MT. Jefferies Financial Group started coverage on ADMA Biologics in a report on Tuesday, June 4th. They set a buy rating and a $8.00 price target on the stock. Morgan Stanley lifted their price target on Williams-Sonoma from $52.00 to $56.00 and gave the stock an underweight rating in a report on Wednesday, July 10th. UBS Group reiterated a hold rating and set a $130.00 price target on shares of Continental in a report on Wednesday, May 15th. Kepler Capital Markets set a €23.00 ($26.74) price target on ArcelorMittal and gave the stock a buy rating in a report on Wednesday, June 5th. Finally, Macquarie reiterated a neutral rating on shares of Glencore in a report on Tuesday, July 9th. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of €28.28 ($32.88).
ArcelorMittal has a fifty-two week low of €17.72 ($20.60) and a fifty-two week high of €30.76 ($35.77).
ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa. It operates through five segments: NAFTA, Brazil, Europe, ACIS, and Mining. The company produces finished and semi-finished steel products with various specifications.
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