ubs upgrades arcelormittal to buy with target price of 26.50 euros

ArcelorMittal's rating has been upgraded to "Buy" by UBS, with a target price of €26.50. The company's operating results for the third quarter exceeded consensus estimates, showing a significant improvement in free cash flow and a positive outlook for future performance.

On November 7, 2024, ArcelorMittal's stock was trading at €24.70, representing a 6.83% increase from the previous day. Over the past year, the stock has ranged between €18.58 and €26.93, indicating strong market interest following the positive analyst report. Trading activity on various platforms, such as Tradegate and Xetra, showed notable gains for ArcelorMittal shares. This market response reflects investor confidence in the company's financial health and growth potential.

ArcelorMittal's strong performance in the third quarter has led to an upgrade in its rating by UBS. The company's operating results exceeded expectations, demonstrating improved free cash flow and a positive outlook for future performance. This positive news has resulted in a significant increase in the company's stock price, with trading activity on various platforms showing notable gains. Investors have shown confidence in ArcelorMittal's financial health and growth potential, further supporting the positive outlook for the company.

Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Newsletter

© 2025 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings