ArcelorMittal has been given a 'Buy' rating by UBS, with a target price of 26.50 euros per share. The company's updated investment plans to reduce CO2 emissions align with its previous commitments.
Analyst Andrew Jones believes that ArcelorMittal will only pursue decarbonization projects if they are financially viable. He also suggests that the current share price is attractive and that there is potential for growth as the company focuses on sustainability. This reflects a broader trend in the industry, where environmental considerations are increasingly influencing investment strategies.