ArcelorMittal (AMS:MT) PT Set at €18.30 by Morgan Stanley

Morgan Stanley set a €18.30 ($21.28) price target on ArcelorMittal (AMS:MT) in a research note issued to investors on Wednesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

Other research analysts also recently issued research reports about the company. Jefferies Financial Group set a €15.00 ($17.44) target price on ArcelorMittal and gave the stock a buy rating in a report on Monday. UBS Group set a €14.00 ($16.28) target price on ArcelorMittal and gave the stock a buy rating in a report on Thursday, March 19th. Credit Suisse Group set a €29.00 ($33.72) target price on ArcelorMittal and gave the stock a buy rating in a report on Monday, February 10th. Oddo Bhf set a €17.00 ($19.77) target price on ArcelorMittal and gave the stock a neutral rating in a report on Friday, February 7th. Finally, Goldman Sachs Group set a €21.00 ($24.42) target price on ArcelorMittal and gave the stock a buy rating in a report on Friday, February 7th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. ArcelorMittal currently has a consensus rating of Buy and an average target price of €19.29 ($22.43).

ArcelorMittal has a 1-year low of €17.72 ($20.60) and a 1-year high of €30.76 ($35.77).

ArcelorMittal Company Profile

ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa. It operates through five segments: NAFTA, Brazil, Europe, ACIS, and Mining. The company produces finished and semi-finished steel products with various specifications.

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Analyst Recommendations for ArcelorMittal (AMS:MT)

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