Arcelormittal SA Given New $11.00 Price Target at Nomura (MT)
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.
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