Goldman Sachs Upgrades Arcelor Mittal (MT) to Buy
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Price: $71.11 -4.67%
Rating Summary:
16 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
16 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Goldman Sachs upgraded Arcelor Mittal (NYSE: MT) from Neutral to Buy with a EUR 36 price target.
The analyst said Arcelor Mittal offers compelling exposure to the BRIC industrialisation theme and vertical integration in an environment of raw material price volatility.
The firm's earnings estimates are meaningfully ahead of consensus (14% for 2011 and 8% for 2012)
For more ratings news on Arcelor Mittal click here and for the rating history of Arcelor Mittal click here.
Shares of Arcelor Mittal closed at $34.96 yesterday.
The analyst said Arcelor Mittal offers compelling exposure to the BRIC industrialisation theme and vertical integration in an environment of raw material price volatility.
The firm's earnings estimates are meaningfully ahead of consensus (14% for 2011 and 8% for 2012)
For more ratings news on Arcelor Mittal click here and for the rating history of Arcelor Mittal click here.
Shares of Arcelor Mittal closed at $34.96 yesterday.
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