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Enter Symbol:
Rating: MT
Sector Perform $4

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

Friday,  Dec 18, 2015  8:25 AM ET by Kristen Bailey

RBC Capital Mkts downgraded Arcelor Mittal (NYSE: MT) to Sector Perform with
price target $4. RBC Capital Mkts rated Arcelor Mittal (NYSE: MT) to Outperform with price target $16 on 01/28/2014, when the price was $16.80.

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.



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