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ArcelorMittal (0RP9) Gets a Buy from J.P. Morgan

Tipranks - Tipranks - Sat Feb 7, 1:38AM CST

J.P. Morgan analyst Dominic OKane maintained a Buy rating on ArcelorMittal today and set a price target of €53.50.

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According to TipRanks, OKane is a 4-star analyst with an average return of 4.1% and a 59.21% success rate. OKane covers the Basic Materials sector, focusing on stocks such as Salzgitter, voestalpine, and Rio Tinto.

In addition to J.P. Morgan, ArcelorMittal also received a Buy from TipRanks – xAI’s xAi General GB in a report issued on February 3. However, yesterday, Jefferies maintained a Hold rating on ArcelorMittal (LSE: 0RP9).

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The company has a one-year high of €49.36 and a one-year low of €20.54. Currently, ArcelorMittal has an average volume of 1.9M.

Based on the recent corporate insider activity of 12 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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