ArcelorMittal Stock: Over 3% Decline Despite Two Analyst Target Upgrades
ArcelorMittal's stock has significantly declined this Friday, February 13, dropping 3.35% to 50.72 euros after closing at 52.48 euros the previous day. This downturn occurs amidst a strong three-month surge, with the stock still showing a gain of over 45% for this period. Despite this, two major banks have substantially raised their price targets for the steel company.
The day's decline contrasts with signals from research offices. On February 13, Citi raised its price target on ArcelorMittal SA from 55 to 66 euros, accompanied by a 'buy' recommendation. Two days earlier, Jefferies had already made a significant adjustment, increasing its target from 44 to 62 euros while shifting from a 'hold' to a 'buy' recommendation. At the current price of 50.72 euros, these two targets imply a respective upside potential of about 30% and 22%. These notable revisions reflect a re-evaluation of the Luxembourg-based group's prospects by two leading institutions, in a context where the stock has almost doubled in a year, advancing 88.9% over the past twelve months.
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From a technical analysis standpoint, the stock maintains a favorable medium-term configuration. The price is significantly above its 50-day moving average, which is at 42.07 euros, a gap of over 20%. This distance indicates the strength of the bullish trend initiated in recent months, but it may also signal a need for consolidation, which seems to be starting in today's session. The RSI, an indicator measuring the speed and magnitude of recent price changes, stands at 67, a high level but not crossing the conventional overbought threshold of 70. The nearest resistance is at 55.24 euros, about 9% above the current price. The next financial communication is scheduled for April 30, when the group will publish its first-quarter 2026 results.
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.
