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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