ArcelorMittal (AMS:MT) Given a €23.50 Price Target at Morgan Stanley

Morgan Stanley set a €23.50 ($27.33) price target on ArcelorMittal (AMS:MT) in a report published on Wednesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

MT has been the subject of several other research reports. Macquarie reissued a neutral rating on shares of Glencore in a research report on Tuesday. Kepler Capital Markets set a €23.00 ($26.74) price target on shares of ArcelorMittal and gave the company a buy rating in a research report on Wednesday, June 5th. Deutsche Bank reissued a buy rating and issued a $20.00 price target on shares of STMicroelectronics in a research report on Friday, May 10th. JPMorgan Chase & Co. reissued a buy rating on shares of SS&C Technologies in a research report on Monday, July 1st. Finally, Goldman Sachs Group began coverage on shares of Taylor Wimpey in a research report on Wednesday, June 12th. They issued a buy rating for the company. One investment analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. ArcelorMittal presently has an average rating of Buy and an average target price of €29.14 ($33.88).

ArcelorMittal has a 1 year low of €17.72 ($20.60) and a 1 year high of €30.76 ($35.77).

About ArcelorMittal

ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa. It operates through five segments: NAFTA, Brazil, Europe, ACIS, and Mining. The company produces finished and semi-finished steel products with various specifications.

Further Reading: What is a put option?

Analyst Recommendations for ArcelorMittal (AMS:MT)

Receive News & Ratings for ArcelorMittal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ArcelorMittal and related companies with's FREE daily email newsletter.