Dahlman Rose Upgrades Arcelor Mittal (MT) to Buy; From Devastation Comes Opportunity

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Dahlman Rose upgraded Arcelor Mittal (NYSE: MT) from Neutral to Buy with a price target of $34.00.

Dahlman analyst says, "We are taking the opportunity to re-evaluate our steel
and service center coverage in light of recent steel price movement and global market and macroeconomic volatility. We are upgrading Nucor (NYSE: NYSE: NUE) and ArcelorMittal from Hold to Buy, and believe the companies could represent core holdings."

For more ratings news on Arcelor Mittal click here and for the rating history of Arcelor Mittal click here.

Shares of Arcelor Mittal closed at $18.78 yesterday, with a 52 week range of $14.77-$38.88.

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