ArcelorMittal SA (ADR) (MT) Reaches $20.62 After 7.00% Up Move; Fortress Transprtn and Infr Investrs (FTAI) Covered By 6 Bulls

June 19, 2017 - By Louis Casey

The stock of ArcelorMittal SA (ADR) (NYSE:MT) is a huge mover today! About 5.38M shares traded. ArcelorMittal SA (ADR) (NYSE:MT) has risen 67.93% since June 19, 2016 and is uptrending. It has outperformed by 51.23% the S&P500.The move comes after 6 months positive chart setup for the $20.86B company. It was reported on Jun, 19 by Barchart.com. We have $22.06 PT which if reached, will make NYSE:MT worth $1.46B more.

Among 6 analysts covering Fortress Transportation and Infrastructure (NYSE:FTAI), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Fortress Transportation and Infrastructure had 9 analyst reports since July 29, 2015 according to SRatingsIntel. As per Wednesday, July 29, the company rating was upgraded by Wolfe Research. Citigroup maintained the stock with “Buy” rating in Friday, August 12 report. The firm earned “Overweight” rating on Wednesday, October 7 by Alembic. The firm earned “Overweight” rating on Monday, October 5 by Barclays Capital. As per Wednesday, January 18, the company rating was downgraded by Raymond James. See Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) latest ratings:

18/01/2017 Broker: Raymond James Old Rating: Strong Buy New Rating: Outperform Downgrade

Among 15 analysts covering Arcelormittal (NYSE:MT), 12 have Buy rating, 1 Sell and 2 Hold. Therefore 80% are positive. Arcelormittal had 38 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets downgraded it to “Sector Perform” rating and $4 target in Friday, December 18 report. Credit Suisse downgraded it to “Neutral” rating and $7 target in Friday, October 23 report. As per Tuesday, February 9, the company rating was upgraded by Goldman Sachs. ING Group downgraded ArcelorMittal SA (ADR) (NYSE:MT) on Tuesday, February 9 to “Hold” rating. JP Morgan initiated the stock with “Neutral” rating in Thursday, August 27 report. On Friday, May 26 the stock rating was upgraded by Macquarie Research to “Outperform”. Morgan Stanley initiated the shares of MT in report on Thursday, March 10 with “Overweight” rating. On Friday, August 19 the stock rating was upgraded by JP Morgan to “Neutral”. Citigroup downgraded ArcelorMittal SA (ADR) (NYSE:MT) on Wednesday, December 2 to “Neutral” rating. The stock of ArcelorMittal SA (ADR) (NYSE:MT) earned “Neutral” rating by JP Morgan on Tuesday, February 9.

ArcelorMittal S.A. is a holding company. The company has market cap of $20.86 billion. The Company, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia and Africa. It has a 6.51 P/E ratio. ArcelorMittal operates through five divisions, which include NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining.

By

Echostar Corporation-Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

>