As much as 5 analysts have advised buy on ArcelorMittal SA (ADR) (NYSE:MT) with an average broker rating of 1.8. Research Analysts at Zacks has the counter a rating of 3, which implies that the firms recommendation is Neutral on the company.
ArcelorMittal SA (ADR) (NYSE:MT) stock has received a short term price target of $ 12.88 from 4 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $1.65.
ADRs of ArcelorMittal SA (ADR) (NYSE:MT) climbed over 1% Tuesday morning after the steel and mining giant reported Monday it agreed to sell its stake in the Kuzbass coal mines in Siberia to Russia's National Fuel Company.
ArcelorMittal SA (ADR) (NYSE:MT) was in the news recently after the stock of the company was downgraded at Bofa/Merill from buy to neutral as the analysts at Bofa/Merill believed that the growth prospects of the company looked weak going forward.