Wells Fargo analyst Timna Tanners raised the firm’s price target on ArcelorMittal (MT) to $39 from $33 and keeps an Equal Weight rating on the shares as the firm looks toward a better European price and volume environment from likely greater trade protection from CBAM and tariffs into 2026. The firm sees this supporting rerating, even as it is cautious second half of 2025 and stays on the sidelines.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MT:
- ArcelorMittal Faces Operational Challenges Amid Fos-sur-Mer Plant Disruption and Steel Industry Supply Concerns
- ArcelorMittal downgraded to Neutral from Buy at Goldman Sachs
- ArcelorMittal price target raised to EUR 45 from EUR 40 at Citi
- Strategic Buy Rating for ArcelorMittal Amid Favorable European Steel Market Changes
- Rock Tech subsidiary, ArcelorMittal sign letter of intent