AlphaValue Reaffirms Buy Rating on ArcelorMittal (MT)
ArcelorMittal (EPA: MT)‘s stock had its “buy” rating restated by equities researchers at AlphaValue in a report issued on Thursday. They currently have a $20.13 (€15) target price on the stock.
ArcelorMittal traded up 0.97% on Thursday, hitting €12.475. ArcelorMittal has a 1-year low of €10.595 and a 1-year high of €17.96.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nord/LB reiterated a “sell” rating on shares of ArcelorMittal in a research note to investors on Wednesday. They now have a $13.16 price target on the stock. Separately, analysts at VTB Capital initiated coverage on shares of ArcelorMittal in a research note to investors on Tuesday, October 9th. They set a “buy” rating and a $27.14 price target on the stock. Finally, analysts at Main First Bank AG reiterated a “sell” rating on shares of ArcelorMittal in a research note to investors on Monday, October 8th. They now have a $11.69 price target on the stock.
ArcelorMittal SA is a Luxembourg-based company involved in the mining and steel industry. In 2011, the Company had crude steel production of 91.
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