ArcelorMittal Soars 5.25% After Citi Raises Target to 55 Euros
On Thursday, January 22, Citi raised its price target on ArcelorMittal to 55 euros, the highest in the consensus, boosting the stock by 5.25% to 45.87 euros. However, an RSI of 76 indicates an overbought zone after six consecutive sessions of gains.
Citi Elevates ArcelorMittal's Target Amid Sector Reevaluation
This Thursday, Citi raised its price target on ArcelorMittal SA to 55 euros from a previous 45 euros, while reiterating its buy recommendation. This revision follows those from Jefferies and Goldman Sachs on January 14, who had set their targets at 44 and 36 euros respectively. The analysts' positioning is part of a broader reevaluation of the European steel sector. Recent revisions reflect expectations of an improved market environment, driven by the implementation of the Carbon Border Adjustment Mechanism in January 2026. This scheme is expected to add between 40 and 70 euros per ton to the price of imported steel, thereby limiting competition from low-cost products and supporting European producers' margins. Investors are now looking forward to the publication of the 2025 annual results on February 6 to validate this recovery scenario.
Technical Analysis: Bullish Trend Enters Caution Zone
Free · Every morning
Technical market signals, before the opening bell.
Bullish and bearish momentum, analyst changes, stocks to watch — automatically computed from Euronext data.
✓ Before 9 AM every morning✓ Euronext data✓ AI-powered analysis
You're in — subscription confirmed!
Your first edition is on its way. Check your spam folder and add us to your contacts.
An error occurred.
Indicative data. No investment advice. Unsubscribe at any time.
Gratuit · chaque matin
Ne ratez plus rien sur vos actions
La tendance derrière les cours. L'essentiel des valeurs Euronext en quelques minutes.
📈les valeurs en mouvement, sur la durée
🎯les objectifs d'analystes qui évoluent
📰les actualités qui font bouger les cours
tendance · 6 séances
✓ C'est fait, vous êtes inscrit !
Votre première édition arrive bientôt. Pensez à vérifier vos spams.
Une erreur est survenue.
CAC 40 · SBF 120 · données indicatives · aucun conseil en investissement · désinscription à tout moment.
Graphically, the stock exhibits a bullish configuration but is entering a caution zone. The RSI reaches 76, exceeding the overbought threshold of 70, suggesting a potential short-term exhaustion after six uninterrupted sessions of gains. This reading is especially significant as the stock is now well above its moving averages, with the MM50 at 38.05 euros and the MM200 at 31.07 euros, confirming the strength of the underlying trend. While breaking the previous resistance level at 43.58 euros certainly paves the way for new highs, it also exposes the stock to profit-taking after a nearly 100% rise over the year. The MACD displays a positive histogram at 0.20, confirming the ongoing bullish momentum, while the price moves above the upper Bollinger band set at 43.45 euros. This configuration reflects an extension of the movement that may require a consolidation phase before considering a new impulse. The next sessions will determine the stock's ability to digest these gains or continue its ascent towards Citi's ambitious target.
Nous restons confiants dans les perspectives d'ArcelorMittal pour le reste de l'année.
Résultats du 1er trimestre démontrant une résilience avec des marges améliorées.
Risks mentioned
Les taux de change et autres charges financières nettes s'élevaient à 80 M$ au 1T 2026.
La dépense d'impôts sur le revenu pour le 1T 2026 était de 136 M$.
L'augmentation de la dette nette à 9,3 milliards $ pourrait affecter la perception des investisseurs.
Pressions sur le coût des matières premières en raison de l'inflation.
Opportunities identified
L'augmentation de la production d'acier brut à 13,3 Mt en 1T 2026.
Le programme d'investissement stratégique en cours offre un potentiel de croissance.
Le redémarrage des hauts-fourneaux inactifs à Fos et Dabrowa a été préparé.
Les investissements dans de nouveaux fours à arc électrique augurent de meilleures performances.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
