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ArcelorMittal (MT): New Buy Recommendation for This Basic Materials Giant
Jefferies analyst upgraded ArcelorMittal to a Buy today and set a price target of $73.20.
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In addition to Jefferies, ArcelorMittal also received a Buy from TipRanks – xAI’s xAi Steel in a report issued on February 7. However, on February 9, KeyBanc maintained a Hold rating on ArcelorMittal (NYSE: MT).
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
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- ArcelorMittal upgraded to Buy from Hold at Jefferies
- ArcelorMittal Commits €1.3bn to Low-Carbon Electric Arc Furnace in Dunkirk
- ArcelorMittal confirms construction of electric arc furnace in Dunkirk
- ArcelorMittal price target raised to EUR 57 from EUR 47 at Deutsche Bank
- ArcelorMittal Earnings Call Shows Stronger Steel Upside
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