ArcelorMittal: UBS still buying after quarterly results

(CercleFinance.com) - UBS confirms its 'buy' recommendation on ArcelorMittal shares, as well as its target price of E26.
5, implying 15% upside potential for the stock, the day after the steel giant's quarterly results.

While it considers its EBITDA 6% ahead of expectations to be 'normal for ArcelorMittal', the broker sees it as positive in the midst of profit warnings in the sector: the absence of profit warnings is reassuring, it continues.


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