ArcelorMittal shares are trading lower after B of A Securities downgraded the stock from Buy to Neutral.
Portfolio Pulse from Benzinga Newsdesk
ArcelorMittal's stock has been downgraded from Buy to Neutral by B of A Securities, leading to a decrease in the company's share price.
October 18, 2023 | 10:44 am
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NEGATIVE IMPACT
ArcelorMittal's stock was downgraded by B of A Securities, which has led to a decrease in its share price.
The downgrade of ArcelorMittal's stock by B of A Securities from Buy to Neutral indicates a less optimistic outlook for the company's stock, which can lead to selling pressure and a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100