Deutsche Bank Upgrades ArcelorMittal to Buy, Raises Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank has upgraded ArcelorMittal (NYSE:MT) from Hold to Buy, raising the price target from $29 to $31.
August 28, 2024 | 9:34 am
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Deutsche Bank has upgraded ArcelorMittal from Hold to Buy, increasing the price target from $29 to $31, indicating a positive outlook on the stock.
The upgrade from Hold to Buy by Deutsche Bank suggests increased confidence in ArcelorMittal's future performance. The raised price target to $31 indicates expectations of stock price appreciation, likely leading to positive short-term market reactions.
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