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UBS Upgrades ArcelorMittal to Buy as European Steel Outlook Improves

Summary by TokenPost
The bank raised its price target to €71 from €61 as ArcelorMittal shares gained 4.6% in Friday trading.

4 Articles

Reformatorisch DagbladReformatorisch Dagblad
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welingelichtekringen.nlwelingelichtekringen.nl
Right

The AEX index on the Amsterdam stock exchange closed the week on Friday with a new record high. Steel company ArcelorMittal was a standout performer in the AEX thanks to a buy recommendation from Swiss bank UBS. Chip companies were among the decliners.

·Apeldoorn, Netherlands (Kingdom of the)
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AMSTERDAM (ANP) - The AEX index on the Amsterdam stock exchange closed the week on Friday with a new record high. Steel company ArcelorMittal was a standout performer in the AEX thanks to a buy recommendation from Swiss bank UBS. Chip companies were among the decliners. ArcelorMittal climbed 5.6 percent. D...

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Reformatorisch Dagblad broke the news in Apeldoorn, Netherlands (Kingdom of the) on Friday, October 9, 2026.
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