Verklaring waarom de koers nu weer zo daalt. Zacks Investment na lange tijd nu toch mnder positief over AM
ArcelorMittal SA (MT) Stock Rating Lowered by Zacks Investment Research
Posted by David Glaser on Mar 23rd, 2017 // No Comments
ArcelorMittal SA logoArcelorMittal SA (NYSE:MT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “Estimate for ArcelorMittal for first-quarter 2017 has been stable of late. ArcelorMittal has outperformed the Zacks categorized Steel-Producers industry over a year. The company should gain from its efforts to reduce debt, lower costs, expand capacity and improve efficiency. It is making a significant progress in its cost reduction initiatives under the Action 2020 program. Moreover, ArcelorMittal is looking to sell its non-core assets to focus on important operations and also expanding its advanced high strength steel product line. However, ArcelorMittal continues to contend with soft economic conditions in Europe and China and volatility in steel prices. Demand for steel remains weak in China. Moreover, cheap steel exports from China is still causing a problem.”
Several other brokerages have also recently issued reports on MT. Goldman Sachs Group Inc upgraded ArcelorMittal SA from a “neutral” rating to a “conviction-buy” rating in a research report on Thursday, February 2nd. Bank of America Corp upgraded ArcelorMittal SA from a “neutral” rating to a “buy” rating in a research report on Friday, February 10th. Royal Bank of Canada upgraded ArcelorMittal SA from a “sector perform” rating to an “outperform” rating in a research report on Friday, November 25th. Jefferies Group LLC reiterated a “buy” rating and set a $10.00 price target on shares of ArcelorMittal SA in a research report on Friday, February 10th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of ArcelorMittal SA in a research note on Tuesday, January 31st. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $6.70.