ArcelorMittal (MT) PT Set at €40.00 by Deutsche Bank

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ArcelorMittal (AMS:MT) has been given a €40.00 ($46.51) price objective by research analysts at Deutsche Bank in a report released on Thursday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price target points to a potential upside of 50.09% from the company’s current price.

MT has been the subject of a number of other reports. Goldman Sachs Group set a €38.00 ($44.19) price target on shares of ArcelorMittal and gave the company a “buy” rating in a research report on Wednesday, August 1st. Societe Generale set a €44.40 ($51.63) price target on shares of ArcelorMittal and gave the company a “buy” rating in a research report on Tuesday, July 31st. Jefferies Financial Group set a €37.00 ($43.02) price target on shares of ArcelorMittal and gave the company a “buy” rating in a research report on Thursday, July 26th. Credit Suisse Group set a €45.00 ($52.33) price target on shares of ArcelorMittal and gave the company a “buy” rating in a research report on Thursday, July 26th. Finally, JPMorgan Chase & Co. set a €37.50 ($43.60) price target on shares of ArcelorMittal and gave the company a “buy” rating in a research report on Tuesday, July 17th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of €35.60 ($41.40).

ArcelorMittal stock opened at €26.65 ($30.99) on Thursday. ArcelorMittal has a 12-month low of €17.72 ($20.60) and a 12-month high of €30.76 ($35.77).

About ArcelorMittal

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 NAFTA, Brazil, Europe, ACIS, and Mining segments. 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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