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MTS - ArcelorMittal SA News Story

€25.21 0.8  3.1%

Last Trade - 16/04/21

Basic Materials
Large Cap
Market Cap £23.62bn
Enterprise Value £29.90bn
Revenue £38.52bn
Position in Universe 12th / 729

BUZZ-ArcelorMittal: GS starts with 'buy', cites under-appreciated recovery

Wed 15th July, 2020 7:46am
** Goldman Sachs initiates the coverage of the world's
largest steelmaker ArcelorMittal  MT.AS  with a "buy" rating,
pointing to expectations of recovering global steel demand
    ** The broker expects ArcelorMittal's EBITDA to more than
double to about EUR 7 billion ($7.98 billion) by 2022
    ** GS also cites rising steel prices, widening margins and
the company's healthy balance sheet
    ** The stock is down about 35% YTD as of Tuesday's close,
whilst the broker's PT set at EUR 14 implies a 37% upside to the
curent price level
($1 = 0.8767 euros)

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