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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.
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.
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 maintained its "Buy" rating for ArcelorMittal, setting a target price of €26.50 following an industry conference. Analyst Andrew Jones noted the company's commitment to disciplined capital allocation amid investor concerns regarding future investment levels.
UBS has raised its price target for Salzgitter AG from 17 to 19 euros while maintaining a "Neutral" rating. Analyst Andrew Jones adjusted estimates for 2024 and 2025 downward due to reduced business targets but increased projections for 2026, anticipating improved demand and efficiency measures. A potential takeover of the steel group may bolster the share price.
UBS has increased its price target for Salzgitter AG from 17 to 19 euros while maintaining a "Neutral" rating. Analyst Andrew Jones adjusted his estimates for 2024 and 2025 downward due to reduced business targets but raised projections for 2026, anticipating improved demand and efficiency measures. A potential takeover of the steel group is expected to bolster the share price.
UBS has increased its price target for Salzgitter AG from 17 to 19 euros while maintaining a "Neutral" rating. Analyst Andrew Jones adjusted his earnings estimates for 2024 and 2025 downward due to revised business targets but raised projections for 2026, anticipating improved demand and efficiency measures. A potential takeover of the steel group is expected to bolster the share price.
UBS AG has maintained a "Neutral" rating for Salzgitter AG, setting a target price of 17 euros. Analyst Andrew Jones expressed concerns over the company's increasing debt burden following its quarterly report, indicating a persistently negative outlook.
UBS has maintained a "Neutral" rating for Salzgitter AG, setting a target price of 17 euros. Analyst Andrew Jones expressed concerns over the company's increasing debt burden following the quarterly report, indicating a persistently negative outlook.
UBS has upgraded its rating for ArcelorMittal to "Buy," setting a target price of 26.50 euros. Analyst Andrew Jones noted that the company's third-quarter operating results surpassed expectations, highlighting improved free cash flow and a positive outlook. As of November 7, 2024, ArcelorMittal's stock was trading at 24.70 euros, reflecting a 6.83% increase for the day.
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