Morgan Stanley set a €23.50 ($27.33) price target on ArcelorMittal (AMS:MT) in a research report sent to investors on Wednesday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Other equities analysts have also recently issued research reports about the stock. Goldman Sachs Group assumed coverage on shares of Taylor Wimpey in a research report on Wednesday, June 12th. They set a buy rating for the company. Macquarie restated a neutral rating on shares of Glencore in a research report on Tuesday. Jefferies Financial Group assumed coverage on shares of ADMA Biologics in a research report on Tuesday, June 4th. They set a buy rating and a $8.00 target price for the company. Kepler Capital Markets set a €23.00 ($26.74) target price on shares of ArcelorMittal and gave the stock a buy rating in a research report on Wednesday, June 5th. Finally, UBS Group restated a hold rating and set a $130.00 target price on shares of Continental in a research report on Wednesday, May 15th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of Buy and an average target price of €29.14 ($33.88).
ArcelorMittal has a 52-week low of €17.72 ($20.60) and a 52-week high of €30.76 ($35.77).
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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