Kepler Capital Markets set a €36.00 ($42.86) price objective on ArcelorMittal (AMS:MT) in a research note released on Friday. The firm currently has a buy rating on the stock.

A number of other brokerages have also commented on MT. Citigroup set a €30.00 ($35.71) price target on ArcelorMittal and gave the stock a buy rating in a research note on Monday, November 13th. Jefferies Group set a €32.00 ($38.10) price target on ArcelorMittal and gave the stock a buy rating in a research note on Monday, November 13th. Royal Bank Of Canada set a €32.00 ($38.10) price target on ArcelorMittal and gave the stock a buy rating in a research note on Tuesday, August 15th. Morgan Stanley set a €27.60 ($32.86) price target on ArcelorMittal and gave the stock a buy rating in a research note on Tuesday, November 21st. Finally, Goldman Sachs Group set a €29.50 ($35.12) price target on ArcelorMittal and gave the stock a buy rating in a research note on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the company. The company has an average rating of Buy and an average target price of €28.69 ($34.15).

Shares of ArcelorMittal (MT) opened at €26.20 ($31.19) on Friday. ArcelorMittal has a one year low of €17.72 ($21.10) and a one year high of €26.27 ($31.27).

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About ArcelorMittal

ArcelorMittal SA (ArcelorMittal) is a holding company. The Company, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia and Africa. ArcelorMittal operates through five segments, which include NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining.

Analyst Recommendations for ArcelorMittal (AMS:MT)

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