Accueil > Actualité
Actualite financiere : Actualite bourse

ArcelorMittal: Oddo raises target price

( - Oddo BHF reiterates its "buy" rating on the ArcelorMittal stock, and raises its corresponding target price from from 16 euros to 20 euros, after increasing its 2020-22 EBITDA sequence for the steel group.

The broker therefore expects EBITDA of 3.9 billion dollars in 2020, followed by 6.7 billion dollars in 2021 and 7.6 billion dollars in 2022, based on improved forecasts for the steel margin and iron ore prices in 2021 and 2022.

The analyst adds that the group's target net debt of 7 billion dollars, which is supposed to trigger a return of cash to shareholders, will have been reached sooner than expected: he now expects net debt of 6.6 billion dollars by the end of 2020.

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.