Reinhardt van der Walt, an analyst from Bank of America Securities, reiterated the Buy rating on ArcelorMittal. The associated price target is €31.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Reinhardt van der Walt’s rating is based on ArcelorMittal’s strategic positioning and potential for growth. The company reported a slight increase in EBITDA for the first half of 2025, with stronger performance in Europe offsetting weaker results in North America. Despite a downward revision in global demand outside of China, ArcelorMittal’s disciplined capital investments and regional diversification offer resilience against trade uncertainties and geopolitical risks.
Additionally, the company is poised for growth with new capacity projects expected to boost earnings into 2026. The acquisition of Calvert and the ramp-up of operations in Liberia are projected to contribute significantly to future earnings. While there are challenges such as seasonal impacts and tariff-related headwinds, the valuation of ArcelorMittal remains attractive compared to its peers, supporting the Buy rating with a price objective of 31.00 EUR.
According to TipRanks, van der Walt is ranked #6990 out of 9863 analysts.