ArcelorMittal SA (NYSE:MT,) was upgraded by equities researchers at RBC Capital Markets from a “sector perform” rating to an “outperform” rating in a research report issued on Sunday.
A number of other research firms have also recently commented on MT,. Goldman Sachs Group Inc. cut shares of ArcelorMittal SA from a “buy” rating to a “neutral” rating in a research report on Thursday, October 13th. Bank of America Corp. cut shares of ArcelorMittal SA from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 8th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of ArcelorMittal SA in a research report on Sunday, August 21st. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $5.48.
Shares of ArcelorMittal SA (NYSE:MT,) opened at 7.61 on Friday. ArcelorMittal SA has a 1-year low of $2.93 and a 1-year high of $7.69. The company has a 50-day moving average of $6.76 and a 200-day moving average of $5.85. The firm’s market capitalization is $23.28 billion.
About ArcelorMittal SA