ArcelorMittal: UBS still a buyer before Q4 results

(CercleFinance.com) - Ahead of its Q4 results, UBS reiterates its Buy recommendation on the stock, with an unchanged target price of E27.
1, representing 14% upside potential for the stock.

We expect EBITDA to be pretty flat in Q4 (sequentially). Risks related to customs duties will be a key concern, UBS notes.

The group said that the completion of its strategic growth projects should generate additional EBITDA and investable cash flow in due course.


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