HSBC Lowers ArcelorMittal to Underweight (MT)
Several other analysts have also recently commented on the stock. Analysts at Grupo Santander reiterated a “hold” rating on shares of ArcelorMittal in a research note to investors on Friday, January 25th. They now have a $22.40 price target on the stock. Separately, analysts at Nomura reiterated a “neutral” rating on shares of ArcelorMittal in a research note to investors on Tuesday, January 15th. They now have a $16.00 price target on the stock.
ArcelorMittal traded down 1.21% on Wednesday, hitting €13.035. ArcelorMittal has a 1-year low of €10.595 and a 1-year high of €17.96. The stock’s 50-day moving average is currently €12.0.
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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