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News 2026-07-06 16:16 UTC

ArcelorMittal price target raised to EUR 65 from EUR 62 at Jefferies

In a preview ahead of the company's Q2 earnings report, Jefferies analyst Cole Hathorn raised the firm's price target on ArcelorMittal to EUR 65 from EUR 62 and keeps a Buy rating on the shares. The firm sees ArcelorMittal benefiting from "structurally higher mid-term earnings and multiples" versus its history, and con