UBS upgrades ArcelorMittal to Buy

UBS upgrades ArcelorMittal to Buy

An UBS analyst upgraded ArcelorMittal (AS: MT) from Sell to Buy with a price target of $30.70 from a prior price target of %currency%%price%.

Prior to this rating, ArcelorMittal had 10 buy ratings, 5 hold ratings, and 2 sell ratings.

For consensus analyst estimates and price targets on ArcelorMittal, click here. For more news on ArcelorMittal, click here.

ArcelorMittal's stock price closed at $26.42. They are down -6.18% in the last month and down -12.01% in the last 12 months.

According to Investing Pro, ArcelorMittal's fair value is $34.34, an upside of 31.18%. ArcelorMittal's fair value comes with a medium degree of uncertainty, according to InvestingPro.

Check out ArcelorMittal's recent earnings performance and financials here.

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