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Deutsche Bank Sticks to Its Buy Rating for ArcelorMittal (0RP9)

Tipranks - Tipranks - Sat Aug 1, 7:50AM CDT

In a report released today, Bastian Synagowitz from Deutsche Bank maintained a Buy rating on ArcelorMittal, with a price target of €66.00.

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According to TipRanks, Synagowitz is a 5-star analyst with an average return of 16.6% and a 54.20% success rate.

In addition to Deutsche Bank , ArcelorMittal also received a Buy from Bank of America Securities’s Reinhardt van der Walt in a report issued yesterday. However, on the same day, J.P. Morgan maintained a Hold rating on ArcelorMittal (LSE: 0RP9).

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0RP9 market cap is currently €42.98B and has a P/E ratio of 17.52.

Based on the recent corporate insider activity of 18 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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