ArcelorMittal (MT) Given a €32.00 Price Target at Morgan Stanley

ArcelorMittal (AMS:MT) has been assigned a €32.00 ($39.51) price objective by research analysts at Morgan Stanley in a report released on Tuesday. The firm currently has a “buy” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 20.08% from the stock’s previous close.

Several other brokerages have also recently issued reports on MT. Deutsche Bank set a €36.00 ($44.44) price objective on ArcelorMittal and gave the stock a “buy” rating in a research note on Friday, March 2nd. Goldman Sachs set a €37.00 ($45.68) price objective on ArcelorMittal and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Bank of America set a €38.00 ($46.91) price objective on ArcelorMittal and gave the stock a “buy” rating in a research note on Tuesday, February 20th. JPMorgan Chase & Co. set a €36.00 ($44.44) price objective on ArcelorMittal and gave the stock a “buy” rating in a research note on Monday, February 12th. Finally, Cfra set a €30.00 ($37.04) price objective on ArcelorMittal and gave the stock a “neutral” rating in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and sixteen have given a buy rating to the company. ArcelorMittal has an average rating of “Buy” and a consensus price target of €31.12 ($38.41).

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ArcelorMittal (AMS MT) traded up €0.20 ($0.25) during trading on Tuesday, reaching €26.65 ($32.90). The company’s stock had a trading volume of 5,510,000 shares, compared to its average volume of 6,070,000. ArcelorMittal has a 52 week low of €17.72 ($21.88) and a 52 week high of €30.76 ($37.98). The stock has a market capitalization of $27,360.00 and a PE ratio of 7.34.

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ArcelorMittal Company Profile

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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