Deutsche Bank cut target for ArcelorMittal stock to USD 79.00
Published on 10/08/2026 at 12:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
ArcelorMittal stock was trading at EUR 53.58 at Lang & Schwarz on October 8, 2026 at 12:17 p.m. CEST, while Deutsche Bank had cut its price target from USD 81.00 to USD 79.00 on October 5, 2026. The bank retained its Buy rating as it previewed the company's third-quarter results, according to Markets Insider.
Deutsche Bank trims its target
The USD 2.00 reduction leaves the new target 3.75 percent below the old USD 81.00 level. The change also contrasts with the euro quote, which was EUR 53.58 at Lang & Schwarz during the October 8 session.
Brazil project remains conditional
ArcelorMittal was weighing a USD 960.00 million expansion at its Pecem steel mill in Brazil, according to SMM on October 5, 2026. The proposal would add a hot-rolled coil line and shift part of the site from semi-finished slabs toward higher-value finished products, but the report described the investment as under consideration rather than approved.
Second-quarter figures missed estimates
For the second quarter of 2026, ArcelorMittal reported revenue of USD 16.76 billion against USD 17.56 billion expected and earnings per share of USD 0.90 against a USD 1.18 consensus estimate, according to MarketBeat on October 6, 2026. The same report said quarterly revenue was up 5.20 percent year over year, making the earnings shortfall the more immediate counterweight to the revenue increase.
Management's second-quarter earnings call also put EBITDA at USD 2.10 billion and described first-half underlying free cash flow at an annualized USD 2.50 billion, according to Yahoo Finance on September 24, 2026.
Euro quote drops in trading
The Lang & Schwarz price of EUR 53.58 stood EUR 2.09 below the prior close of EUR 55.67 on October 8, 2026, a decline of 3.75 percent. The company has a USD 47.4 billion market capitalization dated October 7, 2026, while its primary listing is on Euronext Amsterdam.
The further course of trading is shown by the continuously updated real-time quote of ArcelorMittal stock.
ArcelorMittal stock facts
- Company: ArcelorMittal S.A.
- ISIN: LU1598757687
- Ticker: MT.AS
- Primary exchange: Euronext Amsterdam
- Price Lang & Schwarz as of October 8, 2026 at 12:17 p.m. CEST: EUR 53.58
- Change versus prior close: minus 3.75 percent
- Prior close Lang & Schwarz October 7, 2026: EUR 55.67
- Market capitalization: USD 47.4 billion (as of October 7, 2026)
- Sector / Industry: Basic Materials / Steel
