ArcelorMittal (0RP9): New Buy Recommendation for This Basic Materials Giant
J.P. Morgan analyst Dominic OKane maintains a Buy rating on ArcelorMittal with a €45.00 price target. OKane, a 4-star analyst, has a 3.7% average return and 57.21% success rate. Deutsche Bank also issued a Buy rating, while Jefferies maintained a Hold rating. OKane covers the Basic Materials sector, including stocks like Rio Tinto and Salzgitter.
J.P. Morgan analyst Dominic OKane maintained a Buy rating on ArcelorMittal today and set a price target of €45.00.
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According to TipRanks, OKane is a 4-star analyst with an average return of 3.7% and a 57.21% success rate. OKane covers the Basic Materials sector, focusing on stocks such as Rio Tinto, Salzgitter, and ArcelorMittal.
In addition to J.P. Morgan, ArcelorMittal also received a Buy from Deutsche Bank ‘s Bastian Synagowitz in a report issued yesterday. However, on the same day, Jefferies maintained a Hold rating on ArcelorMittal (LSE: 0RP9).
