ArcelorMittal: UBS still a buyer, but cuts TP
(CercleFinance.com) - Yesterday, the group gave an update on its decarbonization projects in Europe.
Following these announcements, UBS confirms its buy recommendation on the share, leaving its target price unchaznged at E26.5.
Mittal is waiting for clarity on European policy before making a final investment decision on its decarbonization projects. We expect this statement to be positively received by the market, UBS says.
The group believes it is necessary to have 'full' visibility of environmental policy in Europe, with the aim of guaranteeing its competitiveness in this context of rising production costs.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
Following these announcements, UBS confirms its buy recommendation on the share, leaving its target price unchaznged at E26.5.
Mittal is waiting for clarity on European policy before making a final investment decision on its decarbonization projects. We expect this statement to be positively received by the market, UBS says.
The group believes it is necessary to have 'full' visibility of environmental policy in Europe, with the aim of guaranteeing its competitiveness in this context of rising production costs.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.