Equities researchers at Nomura dropped their target price on shares of Arcelormittal SA (EU: MT) from $12.00 to $11.00 in a report issued on Thursday. The firm currently has a “neutral” rating on the stock.

Shares of Arcelormittal SA traded down 0.34% during mid-day trading on Thursday, hitting $14.54. Arcelormittal SA has a 52 week low of $13.28 and a 52 week high of $21.61. The stock’s 50-day moving average is currently $16.33. The company’s market cap is $22.524 billion.

Separately, analysts at JPMorgan Chase cut their price target on shares of Arcelormittal SA from $15.00 to $13.50 in a research note to investors on Thursday.

ArcelorMittal SA is a Luxembourg-based company involved in the mining and steel industry. In 2011, the Company had crude steel production of 91.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.