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Arcelor Mittal (MT) [hlAlert]

Rating:
Sector Perform
MT
down 77.55 %

Arcelor Mittal (MT) downgraded to Sector Perform with price target $4 by RBC Capital Mkts

Posted on: Friday,  Dec 18, 2015  8:25 AM ET by RBC Capital Mkts

RBC Capital Mkts rated Sector Perform Arcelor Mittal (NYSE: MT) on 12/18/2015. Previously RBC Capital Mkts rated Outperform Arcelor Mittal (NYSE: MT)
on 01/28/2014., when the stock price was $16.80. Since then, Arcelor Mittal has lost 77.56% as of 12/18/2015's recent price of $3.77.
If you would have followed the previous RBC Capital Mkts's recommendation on MT, you would have lost 77.55% of your investment in 689 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.

RBC Capital Markets is an international corporate and investment bank that provides innovative solutions and a focused set of products and services to institutions, corporations, governments and high net worth clients around the world. With nearly 3,700 professional and support staff, we operate out of 75 offices in 15 countries and deliver our products and services through operations in Asia and Australasia, the UK and Europe and in every major North American city.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/18/2015 8:25 AM Hold
None
3.77 4.00
as of 8/27/2015
1 Week down  -5.06 %
1 Month down  -24.24 %
3 Months down  -30.45 %
1 YTD down  -54.82 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/28/2014 8:25 AM Buy
None
16.80 16.00
3/25/2011 8:25 AM Buy
None
36.22

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