ArcelorMittal logoNomura upgraded shares of ArcelorMittal (NYSE: MT) from a neutral rating to a buy rating in a research report sent to investors on Monday morning, StockRatingsNetwork.com reports.
ArcelorMittal (NYSE: MT) traded up 0.60% on Monday, hitting $11.67. ArcelorMittal has a 1-year low of $10.83 and a 1-year high of $17.99. The stock"s 50-day moving average is currently $12.09. The company"s market cap is $20.423 billion.
A number of other firms have also recently commented on MT. Analysts at BTIG Research upgraded shares of ArcelorMittal from a sell rating to a neutral rating in a research note to investors on Tuesday, June 25th. Separately, analysts at Zacks reiterated an underperform rating on shares of ArcelorMittal in a research note to investors on Tuesday, June 4th. They now have a $12.00 price target on the stock. Finally, analysts at Santander upgraded shares of ArcelorMittal from a hold rating to a buy rating in a research note to investors on Tuesday, April 30th.
One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $15.83.
ArcelorMittal is a global steel producer. The Company has steel-making operations in 20 countries on four continents, including 65 integrated, mini-mill and integrated mini-mill steel-making facilities.
|