ArcelorMittal: Credit Suisse adjusts target price
(CercleFinance.com) - A Credit Suisse analysts said on Tuesday that they are cutting their target price for the ArcelorMittal stock from 24 dollars to 21 dollars.
However, the broker confirms its "Outperform" rating on the share.
"We are starting to see increasing confidence that Q2'20 could be the trough in earnings for materials companies and hence the pathway to a normalisation in earnings should become increasingly clear through the year," Credit Suisse says.
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