Buy Rating Affirmed for ArcelorMittal Following Strategic …

Oct 11, 2024 · ArcelorMittal (0RP9) Company Description: ArcelorMittal is the largest player in the global steel industry. Formed in 2006 via the merger of Arcelor and Mittal Steel, the two largest …

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ARCELORMITTAL : UBS Reaffirms Its Buy Rating - MarketScreener

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1 day ago · ArcelorMittal is No. 1 worldwide for steelmaking. Net sales break down by activity as follows: - sale of carbon flat steel (56.6%): spools of hot and cold rolled laminated steel, coated …

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UBS Sticks To Their Buy Rating For ArcelorMittal (0RP9)

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Oct 11, 2024 · UBS analyst Andrew Jones CFA maintained a Buy rating on ArcelorMittal (0RP9 – Research Report) today and set a price target of €26.50.The company’s shares closed …

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Citi Sticks To Its Buy Rating For ArcelorMittal (0RP9)

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Oct 14, 2024 · In a report released today, Ephrem Ravi from Citi maintained a Buy rating on ArcelorMittal (0RP9 – Research Report), with a price target of €38.00. The company’s shares …

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AM Best Removes From Under Review With Developing …

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1 day ago · The following Long-Term IRs have maintained the under review with developing implications: American Equity Investment Life Holding Company— — “bbb-” (Good) on $500 …

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Deutsche Bank Remains A Buy On ArcelorMittal (0RP9)

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Oct 8, 2024 · In a report released today, Bastian Synagowitz from Deutsche Bank maintained a Buy rating on ArcelorMittal (0RP9 – Research Report), with a price target of €28.00.The …

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Buy Rating Affirmed For ReAlpha Tech Corp: Strategic Acquisitions …

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2 days ago · Allen Klee, an analyst from Maxim Group, reiterated the Buy rating on reAlpha Tech Corp. (AIRE – Research Report). The associated price target remains the same with $3.00. …

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FAQs about Buy Rating Affirmed for ArcelorMittal Following Strategic … Coupon?

Why are we revising our outlook on ArcelorMittal?

We are therefore revising our outlook on ArcelorMittal to stable from negative and affirming our 'BBB-/A-3' long- and short-term issuer credit ratings on the company and our 'BBB-' issue ratings on its debt instruments. ...

Does ArcelorMittal's financial policy support a higher rating?

ArcelorMittal's current financial policy could support a higher rating, if business improves. The policy limits net debt to $7 billion, which implies that S&P Global Ratings-adjusted funds from operations (FFO) to debt would be above 25% under midcycle industry conditions (underlying EBITDA is estimated at $7.5 billion-$8.5 billion). ...

Will ArcelorMittal restore rating headroom in 2021?

Supportive industry conditions will help ArcelorMittal restore rating headroom in 2021. On Feb. 11, 2021, ArcelorMittal reported strong underlying EBITDA of $1.7 billion for the fourth quarter of 2020. This results in full-year EBITDA of about $4.3 billion, which exceeds our expectation of $3.5 billion-$4 billion. ...

Is ArcelorMittal a good stock to buy?

ArcelorMittal has an analyst consensus of Moderate Buy, with a price target consensus of €28.95, implying a 27.68% upside from current levels. In a report released on October 11, Morgan Stanley also maintained a Buy rating on the stock with a €29.50 price target. The company has a one-year high of €26.94 and a one-year low of €17.29. ...

What is ArcelorMittal's outlook for a Baa3 rating?

The stable outlook balances ArcelorMittal's currently strong financial ratios for the assigned Baa3 rating, with the expectation of a moderation in metrics on normalizing steel prices over the next two years, but at levels in line with Moody's requirements for a Baa3 rating. ...

Why has Patrick Mann rated ArcelorMittal a buy?

Patrick Mann has given his Buy rating due to a combination of factors including a shift in valuation methodology and regional earnings dynamics. The decision to use a Sum of the Parts (SOTP) valuation stems from ArcelorMittal’s evolving earnings profile, with North America now contributing more significantly to EBITDA than Europe. ...