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Jefferies Keeps Their Buy Rating on ArcelorMittal (0RP9)

Tipranks - Tipranks - Fri Apr 17, 1:26AM CDT

Jefferies analyst Cole Hathorn maintained a Buy rating on ArcelorMittal today and set a price target of €62.00.

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According to TipRanks, Hathorn is ranked #4114 out of 12125 analysts.

In addition to Jefferies, ArcelorMittal also received a Buy from Deutsche Bank ‘s Bastian Synagowitz in a report issued on April 13. However, on April 10, Goldman Sachs maintained a Hold rating on ArcelorMittal (LSE: 0RP9).

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Based on ArcelorMittal’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €14.97 billion and a net profit of €177 million. In comparison, last year the company earned a revenue of €14.71 billion and had a GAAP net loss of €390 million

Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0RP9 in relation to earlier this year.

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