Report
Andrew Lane
EUR 147.86 For Business Accounts Only

ArcelorMittal Issues Mixed Third-Quarter Results; We've Raised Our Fair Value Estimate

ArcelorMittal reported higher profits sequentially and year over year for the third quarter, but management expects weaker results in the fourth quarter. Having increased both our near- and long-term profit forecasts for ArcelorMittal, our fair value estimates rise to $3.50 per share and EUR 3.20 per share. Our no-moat rating is unchanged.
We've increased our profit estimates to better align our long-term unit cost forecasts with recent results. In the near term, we've also raised our forecasts ...
Underlying
ArcelorMittal

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Andrew Lane

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