ArcelorMittal Rises After Analyst Upgrades and EU Trade Protections Bolster Outlook
ArcelorMittal shares jumped 5.0% to €57.24 after JPMorgan abandoned a negative view, upgrading the stock from Underweight to Neutral and raising its price target. The bank pointed to a structural shift in the European steel market following the EU’s new import safeguard regime effective July 1, 2026, and forecast renewed pricing power and earnings …