ArcelorMittal (AMS:MT) Given a €23.50 Price Target at Morgan Stanley

Morgan Stanley set a €23.50 ($27.33) price objective on ArcelorMittal (AMS:MT) in a research report sent to investors on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

MT has been the subject of several other reports. Macquarie reaffirmed a neutral rating on shares of Glencore in a report on Tuesday, July 9th. JPMorgan Chase & Co. reissued a buy rating on shares of SS&C Technologies in a report on Monday, July 1st. Jefferies Financial Group began coverage on shares of ADMA Biologics in a report on Tuesday, June 4th. They set a buy rating and a $8.00 price objective for the company. Kepler Capital Markets set a €23.00 ($26.74) price objective on shares of ArcelorMittal and gave the company a buy rating in a report on Wednesday, June 5th. Finally, Deutsche Bank reissued a buy rating and set a $20.00 price objective on shares of STMicroelectronics in a report on Friday, May 10th. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. ArcelorMittal presently has an average rating of Buy and a consensus target price of €29.14 ($33.88).

ArcelorMittal has a twelve month low of €17.72 ($20.60) and a twelve month 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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