Morgan Stanley Initiates ArcelorMittal ADR Coverage at Overweight with $82 Price Target, Highlighting Compelling Valuation Upside
Tip Ranks·- Morgan Stanley initiated coverage of ArcelorMittal ADR with an overweight rating and an 82 USD price target. - Analyst Adahna Ekoku cited attractive valuation upside, favorable EV/EBITDA metrics, and currency factors to support a buy rating. - Jefferies also maintained a buy rating on the stock with a 71.00 EUR price target in a separate report.Bank of America Corp DE Reduces Position in ArcelorMittal $MT
Market Beat·- Bank of America Corp DE reduced its holdings in ArcelorMittal by 20.3% during the first quarter, leaving it with 670,631 shares valued at $34,859,000. - ArcelorMittal reported quarterly earnings of $0.90 per share with revenue of $16.76 billion, missing consensus estimates. - The company holds a market capitalization of $57.16 billion and maintains a consensus analyst rating of "Moderate Buy."S&P 500, Dow Jones futures gain as Trump halts 'massive attack' on Iran
MSN·- S & P 500 and Dow Jones futures gained following the development regarding Trump halting a potential attack on Iran. - Companies such as Atkore, Alibaba, and ArcelorMittal were highlighted as being in focus for market participants. - The report provided general financial updates and platform disclosures without offering guaranteed investment returns.