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Arcelor Mittal (MT) [hlAlert]

Rating:
Buy MT
down 31.98 %

Arcelor Mittal (MT) upgraded to Buy by BofA/Merrill

Posted on: Friday,  May 15, 2015  10:25 AM ET by BofA/Merrill

BofA/Merrill rated Buy Arcelor Mittal (NYSE: MT) on 05/15/2015, when the stock price was $11.85. Since
then, Arcelor Mittal has lost 31.98% as of 12/18/2015's recent price of $8.06.
If you would have followed this BofA/Merrill's recommendation on MT, you would have lost 31.98% of your investment in 217 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.

BofA/Merrill
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/15/2015 10:25 AM Buy
None
11.85
as of 8/27/2015
1 Week down  -5.06 %
1 Month down  -24.24 %
3 Months down  -30.45 %
1 YTD down  -38.70 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/10/2014 8:25 AM Hold
None
16.64
11/7/2012 8:25 AM Buy
None
15.58
8/2/2012 8:25 AM Hold
None
15.50

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