Accueil > Actualité
Actualite financiere : Actualite bourse

ArcelorMittal: Oddo BHF raises target price

( - Oddo BHF confirms its "buy" rating on the ArcelorMittal share, which it says is the most exposed to spot prices (60% of sales) and which benefits from the strongest operational leverage, with the broker raising its target price from 12 euros to 14 euros.

The broker sees a "promising" September for the steel group, pointing out a tangible recovery in all sectors - particularly the automotive sector - although this will not reach the pre-COVID-19 level.

The strength of demand in China, which has become a net steel importer this year, and the return of pollution controls indirectly contribute to strengthening the pricing power of steelmakers in Europe, it continues.

Copyright (c) 2020 All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.




Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.