Trade Report: Today, ArcelorMittal SA (MT,) Stock Rating Upgrade by RBC Capital Markets

Today, ArcelorMittal SA (MT,) Stock Rating Upgrade by RBC Capital Markets

ArcelorMittal SA (NYSE:MT,) was upgraded by RBC Capital Markets from a “sector perform” rating to an “outperform” rating in a research note issued on Sunday.

A number of other research firms have also weighed in on MT,. Goldman Sachs Group Inc. lowered shares of ArcelorMittal SA from a “buy” rating to a “neutral” rating in a research note on Thursday, October 13th. Bank of America Corp. lowered shares of ArcelorMittal SA from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 8th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of ArcelorMittal SA in a research note on Sunday, August 21st. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $5.48.

Shares of ArcelorMittal SA (NYSE:MT,) opened at 7.61 on Friday. The company’s market cap is $23.28 billion. ArcelorMittal SA has a 12-month low of $2.93 and a 12-month high of $7.69. The company’s 50-day moving average is $6.76 and its 200-day moving average is $5.85.

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