Morgan Stanley set a €23.50 ($27.33) price objective on ArcelorMittal (AMS:MT) in a research note released on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
A number of other equities research analysts have also issued reports on the stock. Goldman Sachs Group started coverage on shares of Taylor Wimpey in a report on Wednesday, June 12th. They issued a buy rating on the stock. JPMorgan Chase & Co. reissued a buy rating on shares of SS&C Technologies in a report on Monday, July 1st. UBS Group reissued a hold rating and issued a $130.00 price target on shares of Continental in a report on Wednesday, May 15th. Jefferies Financial Group started coverage on shares of ADMA Biologics in a report on Tuesday, June 4th. They issued a buy rating and a $8.00 price target on the stock. Finally, Macquarie reissued a neutral rating on shares of Glencore in a report on Tuesday, July 9th. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of €29.14 ($33.88).
ArcelorMittal has a twelve month low of €17.72 ($20.60) and a twelve month 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.
Featured Story: What is the S&P 500 Index?
Receive News & Ratings for ArcelorMittal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ArcelorMittal and related companies with MarketBeat.com's FREE daily email newsletter.