ArcelorMittal (MT) PT Set at €31.00 by Deutsche Bank

Deutsche Bank set a €31.00 ($36.05) price objective on ArcelorMittal (AMS:MT) in a research report report published on Friday. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also commented on the company. Morgan Stanley set a €35.20 ($40.93) price target on ArcelorMittal and gave the stock a buy rating in a research report on Thursday, October 18th. Bank of America set a €35.00 ($40.70) price target on ArcelorMittal and gave the stock a buy rating in a research report on Wednesday, January 9th. Goldman Sachs Group set a €35.50 ($41.28) price target on ArcelorMittal and gave the stock a buy rating in a research report on Wednesday, November 28th. JPMorgan Chase & Co. set a €37.00 ($43.02) price target on ArcelorMittal and gave the stock a buy rating in a research report on Friday, October 12th. Finally, Jefferies Financial Group set a €39.00 ($45.35) price target on ArcelorMittal and gave the stock a buy rating in a research report on Wednesday, November 28th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of €32.89 ($38.25).

ArcelorMittal has a twelve month low of €17.72 ($20.60) and a twelve 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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