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Jefferies Sticks to Its Buy Rating for ArcelorMittal (0RP9)

Tipranks - Tipranks - Tue Aug 4, 5:42AM CDT

In a report released today, Cole Hathorn from Jefferies maintained a Buy rating on ArcelorMittal, with a price target of €71.00.

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According to TipRanks, Hathorn is ranked #3724 out of 12359 analysts.

In addition to Jefferies, ArcelorMittal also received a Buy from Deutsche Bank ‘s Bastian Synagowitz in a report issued on July 31. However, on the same day, UBS maintained a Hold rating on ArcelorMittal (LSE: 0RP9).

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The company has a one-year high of €62.60 and a one-year low of €26.35. Currently, ArcelorMittal has an average volume of 2.13M.

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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