ArcelorMittal (AMS:MT) Given a €18.30 Price Target by Morgan Stanley Analysts

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

Several other equities research analysts have also recently weighed in on MT. JPMorgan Chase & Co. set a €20.50 ($23.84) target price on ArcelorMittal and gave the stock a buy rating in a research note on Thursday, March 5th. UBS Group set a €14.00 ($16.28) price objective on ArcelorMittal and gave the company a buy rating in a research note on Thursday, March 19th. Oddo Bhf set a €17.00 ($19.77) price objective on ArcelorMittal and gave the company a neutral rating in a research note on Friday, February 7th. Deutsche Bank set a €19.00 ($22.09) price objective on ArcelorMittal and gave the company a buy rating in a research note on Wednesday, January 8th. Finally, Goldman Sachs Group set a €21.00 ($24.42) price objective on ArcelorMittal and gave the company a buy rating in a research note on Friday, February 7th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. ArcelorMittal currently has an average rating of Buy and an average target price of €19.29 ($22.43).

ArcelorMittal has a 52-week low of €17.72 ($20.60) and a 52-week 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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