Morgan Stanley maintains ArcelorMittal at 'overweight' with a price target of EUR35.50

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Morgan Stanley maintains ArcelorMittal at 'overweight' with a price target of EUR35.50

An analyst from Morgan Stanley maintained ArcelorMittal (AS: MT) at 'overweight' and a price target of EUR35.50 from a prior price target of %currency%%price%.

Prior to this rating, ArcelorMittal had 10 buy ratings, 2 hold ratings, and 0 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 $24.04. They are down -11.09% in the last month and down -8.15% in the last 12 months.

According to Investing Pro, ArcelorMittal's fair value is $34.63, an upside of 41.65%. 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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