UBS Upgrades Arcelor Mittal (MT) to Buy

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UBS upgraded Arcelor Mittal (NYSE: MT) from Neutral to Buy. Analysts said if the company reached its debt target by the end of 2013, it might regain investment grade status. Asset optimization in Europe could also benefit the stock.

For an analyst ratings summary and ratings history on Arcelor Mittal click here. For more ratings news on Arcelor Mittal click here.

Shares of Arcelor Mittal closed at $14.72 yesterday, with a 52 week range of $13.31-$21.61.

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