Jefferies Raises ArcelorMittal Rating and Price Target on Expected EU Import Tightening
Jefferies upgraded ArcelorMittal to Buy from Hold and increased its price target to €62 from €44, citing planned European trade measures that could materially curb low-cost imports. The brokerage projects higher utilization, stronger prices and elevated earnings across the cycle, forecasting substantial EBITDA gains for ArcelorMittal by 2027 while …