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Arcelor Mittal (MT) [hlAlert]

Rating:
Hold MT
down 74.72 %

Arcelor Mittal (MT) downgraded to Hold by HSBC Securities

Posted on: Monday,  Dec 7, 2015  10:25 AM ET by HSBC Securities

HSBC Securities rated Hold Arcelor Mittal (NYSE: MT) on 12/07/2015. Previously HSBC Securities rated Overweight Arcelor Mittal (NYSE: MT) on 02/11/2014.,
when the stock price was $16.42. Since then, Arcelor Mittal has lost 74.73% as of 12/07/2015's recent price of $4.15.
If you would have followed the previous HSBC Securities's recommendation on MT, you would have lost 74.72% of your investment in 664 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.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/7/2015 10:25 AM Hold
None
4.15
as of 8/27/2015
1 Week down  -5.06 %
1 Month down  -24.24 %
3 Months down  -30.45 %
1 YTD down  -50.91 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/11/2014 8:25 AM Buy
None
16.42
2/5/2014 8:25 AM Buy
None
16.53
2/22/2013 8:25 AM Hold
None
15.35 16.00
1/30/2013 8:25 AM Sell
None
17.56 16.00
1/11/2013 8:25 AM Hold
None
17.46 19.10
7/5/2012 8:25 AM Hold
None
15.38 18.30
5/29/2012 8:25 AM Buy
None
15.09 18.90
1/19/2012 8:25 AM Hold
None
20.97 21.40
10/22/2010 8:25 AM Hold
None
34.94 39.00
10/5/2009 8:25 AM Buy
None
34.91 46.00
4/17/2008 10:25 AM Hold
None
88.26
10/23/2007 9:25 AM Buy
None
79.32 95.00

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