HSBC Downgrades Arcelor Mittal (MT) to Neutral

July 5, 2012 6:33 AM EDT
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Price: $65.85 -0.9%

Rating Summary:
    16 Buy, 12 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 18 | New: 50
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HSBC downgraded Arcelor Mittal (NYSE: MT) from Overweight to Neutral with a price target of $18.30.

The firm said potential auto sector weakness threatens steel sales.

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 $16.06 yesterday.


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