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UBS has reaffirmed its Buy rating on ArcelorMittal, maintaining a price target of €26.5, following the company's update on its decarbonization projects in Europe. The firm notes that Mittal is awaiting clarity on European environmental policies before finalizing investment decisions, which is crucial for maintaining competitiveness amid rising production costs.
UBS has reaffirmed its Buy rating on ArcelorMittal, maintaining a target price of €26.5, following the company's update on decarbonization projects in Europe. The group is awaiting clarity on European environmental policies before finalizing investment decisions, emphasizing the need for full visibility to ensure competitiveness amid rising production costs.
UBS maintains a "Buy" rating on ArcelorMittal, as reported by Cercle Finance. BOURSORAMA, acting solely as a distribution channel, emphasizes that it has no involvement in the analysis preparation and holds no conflicts of interest regarding the investment recommendations provided.
UBS has maintained a "Buy" rating for ArcelorMittal, setting a target price of 26.50 euros, following the company's updated investment plans aimed at reducing CO2 emissions. Analyst Andrew Jones noted that ArcelorMittal will pursue decarbonization projects only if they yield satisfactory returns, highlighting the stock's current affordability.
ArcelorMittal, the world's leading steelmaker, generates the majority of its sales from flat carbon steels (56.6%), followed by long carbon steels (20.7%), with smaller contributions from tubular products (3.2%) and iron ore and coal (1.8%). Its products primarily serve the automotive, household appliances, packaging, and construction sectors, with significant sales in Europe (23.7%) and the Americas (25.4%).
UBS has maintained a 'Buy' rating for ArcelorMittal, setting a target price of 26.50 euros. The decision follows the company's updated investment plans aimed at reducing CO2 emissions, emphasizing that investments in decarbonization will only proceed if they yield satisfactory returns. Analyst Andrew Jones noted that the stock is currently undervalued.
The Andhra Pradesh State Investment Promotion Board, led by Chief Minister N Chandrababu Naidu, has approved investments totaling Rs 85,083 crore, projected to create nearly 34,000 jobs. Key projects include an integrated steel plant by ArcelorMittal and Nippon Steels, which will invest Rs 61,780 crore and employ 21,000 people. Other notable investments come from LG Electronics, Kalyani Strategies, Phillips Carbon Black, and Azad India Mobility, contributing to significant job creation in the region.
UBS has maintained a 'Buy' rating for ArcelorMittal, setting a target price of 26.50 euros following an industry conference. The steel group reassured investors about its disciplined capital allocation amid concerns over future investments, as highlighted by analyst Andrew Jones. In recent developments, Deutsche Bank Research raised its target for ArcelorMittal to 29 euros, while Goldman and JPMorgan adjusted their targets to 23.50 euros and 23 euros, respectively, both maintaining a 'Neutral' stance.
UBS has reaffirmed its 'buy' recommendation for ArcelorMittal, maintaining a price target of 26.5 euros, indicating a 15% upside potential. The firm's EBITDA exceeded expectations by 6%, which is viewed positively, especially given the lack of profit warnings in the steel sector.
UBS has maintained its "buy" rating on ArcelorMittal, setting a price target of 26.5 euros, indicating a 15% upside potential. The firm noted a 6% EBITDA increase that exceeded expectations, viewing it positively amid sector profit warnings, and found the absence of target warnings reassuring.
ArcelorMittal S.A.
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