Alain Gabriel, analyst at Morgan Stanley, reiterates coverage on ArcelorMittal (MT) in the Basic Materials sector with a Buy rating. TipRanks.com has Gabriel rated as a 4.5 star analyst with a 22% return on investment and a 67% success rate. Gabriel has set a price target of $45.12 .
TipRanks.com reports that MT currently has 6 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $44.78 . The target pricing ranges from a high forecast of $47.50 down to a low forecast of $40.00 .
MT’s last closing price was $34.91 which would put the average price target at 28.27% upside.
In addition, TradingView issued a Buy rating for MT over the next month.
Remember, securities are volatile, so please do your own research on MT.
Other analysts covering MT include:
- Philip Gibbs of KeyBanc issued a buy rate with the price target of $40 on July 29th
- Bastian Synagowitz of Deutsche Bank issued a buy rate with the price target of $47 on July 29th
- Luke Nelson of J P Morgan issued a buy rate with the price target of $47.50 in July
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TipRanks.com tracks and measures the performance of over 50,000 financial experts. The TipRanks Star Ranking TM is calculated based on expert success rate, average return and statistical significance. Get more from TipRanks.com here >>
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