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Arcelor Mittal (MT) [hlAlert]

Rating:
Buy MT
down 50.88 %

Arcelor Mittal (MT) rated Buy with price target $23 by Deutsche Bank

Posted on: Monday,  Feb 10, 2014  1:25 PM ET by Deutsche Bank

Deutsche Bank rated Buy Arcelor Mittal (NYSE: MT) on 02/10/2014, when the stock price was $16.41. Since
then, Arcelor Mittal has lost 50.88% as of 12/18/2015's recent price of $8.06.
If you would have followed this Deutsche Bank's recommendation on MT, you would have lost 50.88% of your investment in 676 days.

ArcelorMittal is a global steel producer. The Company has steel-making operations in 20 countries on four continents, including 66 integrated, mini-mill and integrated mini-mill steel-making facilities. ArcelorMittal operates its business in six operating segments: Flat Carbon Americas; Flat Carbon Europe; Long Carbon Americas and Europe; Asia, Africa and Commonwealth of Independent States (CIS) (AACIS); Stainless Steel; and Arcelor Mittal Steel Solutions and Services. ArcelorMittal?s steel-making operations have a high degree of geographic diversification. Approximately 36% of its steel is produced in the Americas, approximately 49% is produced in Europe and approximately 15% is produced in other countries, such as Kazakhstan, South Africa and Ukraine. ArcelorMittal produces a range of finished, semi-finished carbon steel products and stainless steel products. In July 2009, the Company completed the acquisition of Noble European Holdings B.V.

Deutsche Bank is one of the largest European fund managers. DWS was founded in 1956 and is an integral part of the Asset Management division of Deutsche Bank. This division is one of the largest global asset managers.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/10/2014 1:25 PM Buy
None
16.41 23.00
as of 10/17/2014
1 Week up  3.16 %
1 Month down  -16.27 %
3 Months down  -17.00 %
1 YTD down  -30.49 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/21/2013 1:25 PM Buy
None
16.09 19.00
1/17/2012 3:25 PM Hold
None
19.74 22.00
8/26/2011 11:25 AM Hold
None
19.82 24.50
3/8/2011 1:25 PM Hold
None
35.66 38.00
10/27/2010 2:25 PM Hold
None
32.26 36.00
10/5/2010 5:25 PM Hold
None
33.38 38.00
10/5/2010 3:25 PM Hold
None
33.30 55.00
8/2/2010 2:25 PM Buy
None
32.54 44.00
5/28/2010 1:25 PM Buy
None
30.26 44.00
4/14/2010 8:25 AM Buy
None
46.98 63.00

(*) Stock Price at the time of the recommendation.
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