Deutsche Bank Upgrades ArcelorMittal (MT) to Buy
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Deutsche Bank upgrades ArcelorMittal (NYSE: MT) from Hold to Buy.
Deutsche analyst says, "The company has raised over $11B to lower debt levels and extend maturities which has reduced the balance sheet and covenant risk with MT. And while we’d like to see its absolute debt levels reduced further, deleveraging should provide incremental upside to shareholders as a recovery materializes. Additionally, we find its low-cost, competitive assets and limited currency exposure as attractive."
To see more analyst ratings on MT Click Here.
ArcelorMittal is a global steel producer. The Company has steel-making operations in 20 countries on four continents, including 66 integrated, mini-mill and integrated mini-mill steel-making facilities.
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