ArcelorMittal: possible catalyst with Calvert UBS says
(CercleFinance.com) - UBS confirms its 'buy' recommendation on ArcelorMittal shares, with a target price maintained at E26.
5, representing 9% upside potential for the European steel giant's stock.
The potential transfer of $1.8bn in value to ArcelorMittal from Nippon's stake in Calvert could be the catalyst for an 8% increase in market capitalisation if it occurs next month, the broker says.
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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.
5, representing 9% upside potential for the European steel giant's stock.
The potential transfer of $1.8bn in value to ArcelorMittal from Nippon's stake in Calvert could be the catalyst for an 8% increase in market capitalisation if it occurs next month, the broker says.
Copyright (c) 2024 CercleFinance.com. 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.