UPDATE: Deutsche Bank Upgrades ArcelorMittal on Positioning For a Multi-Year Recovery
October 21, 2013 at 09:44 AM EDT
In a report published Monday, Deutsche Bank analyst David S. Martin upgraded the rating on ArcelorMittal (NYSE: MT ) from Hold to Buy, and raised the price target from $13.50 to $19.00. In the report, Deutsche Bank noted, “ArcelorMittal has been facing a four year phase of consecutive earnings downgrades
