ArcelorMittal: UBS remains Buy on the stock

(CercleFinance.com) - Yesterday, the group gave an update on its decarbonization projects in Europe.


Following these announcements, UBS confirms its buy recommendation on the share and leaves its price target at E26.5.

'Mittal is waiting for clarity on European policy before making a final investment decision on its decarbonization projects. We expect this statement to be positively received by the market', says UBS.

The group believes it is necessary to have 'full' visibility of environmental policy on the Old Continent, with the aim of guaranteeing its competitiveness in this context of rising production costs.

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