ArcelorMittal Stock: Morgan Stanley Significantly Raises Target, Yet Shares Decline
ArcelorMittal's stock falls 1.24% this Tuesday morning, priced at 52.56 euros, in a consolidation move following a spectacular rally of over 53% in three months. Despite this, American bank Morgan Stanley has significantly raised its price target on the steelmaker. The stock is now trading close to its major technical resistance.
This Tuesday, Morgan Stanley updated its recommendation on ArcelorMittal, maintaining its 'overweight' rating while raising its price target from 46.20 euros to 54.30 euros, an increase of 17.5% from the previous target. At the current price of 52.56 euros, this new target offers a limited upside potential of about 3.3%. This adjustment reflects the American bank's acknowledgment of the recent dynamics of the stock, which has now achieved a one-year performance of 93.09%. The next major event for the Luxembourg-based group will be the publication of its first-quarter results, expected on April 30, 2026.
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Technically, the price of ArcelorMittal is very close to the resistance identified at 55.24 euros, a threshold that almost coincides with the upper Bollinger band at 55.46 euros. This convergence forms a friction zone that could hinder the stock's short-term progression. The RSI, an indicator measuring the speed and magnitude of price variations, stands at 71, crossing the threshold of 70 generally associated with an overbought condition. This level indicates that the recent rise has been particularly rapid and that the stock may experience a consolidation phase. Moreover, the price is significantly above its 50-day moving average (42.68 euros) and 200-day moving average (33.08 euros), confirming a strongly established upward trend, but with a growing gap from these benchmarks that could justify a breathing movement.
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.
