Section 232 Tariffs Could Backfire for ArcelorMittal
According to a poll by Thomas Reuters on June 8, ArcelorMittal (MT) has received a “buy” or higher rating from 16 analysts. On June 7, UBS downgraded ArcelorMittal from a “buy” to “sell” and lowered the target price from 30 euros to 25 euros. Last month, ArcelorMittal received approval from the European Commission to acquire Ilva.