Downgrades Overweight Eq-Weight X

MT ArcelorMittal

Morgan Stanley

Upgrades Neutral Buy X

MT ArcelorMittal

BofA Securities

$30 $32.90

Downgrades Overweight Neutral X

MT ArcelorMittal

JP Morgan

Upgrades Hold Buy X

MT ArcelorMittal

Deutsche Bank

$29 $31

Upgrades Eq Weight Overweight X

MT ArcelorMittal

Barclays

Initiated Neutral X

MT ArcelorMittal

Goldman

Downgrades Buy Hold X

MT ArcelorMittal

Deutsche Bank

$34 $31

Upgrades Neutral Overweight X

MT ArcelorMittal

JP Morgan

Downgrades Buy Neutral X

MT ArcelorMittal

BofA Securities

Downgrades Overweight Eq Weight X

MT ArcelorMittal

Barclays

Upgrades Sell Buy X

MT ArcelorMittal

UBS

Upgrades Neutral Buy X

MT ArcelorMittal

BofA Securities

Downgrades Buy Neutral X

MT ArcelorMittal

BofA Securities

Downgrades Buy Neutral X

MT ArcelorMittal

UBS

Downgrades Overweight Neutral X

MT ArcelorMittal

JP Morgan

Downgrades Buy Neutral X

MT ArcelorMittal

Goldman

Upgrades Neutral Outperform X

MT ArcelorMittal

Credit Suisse

$34 $42

Downgrades Overweight Sec Weight X

MT ArcelorMittal

KeyBanc Capital Markets

Initiated Overweight X

MT ArcelorMittal

Barclays

Upgrades Neutral Overweight X

MT ArcelorMittal

JP Morgan

Downgrades Outperform Neutral X

MT ArcelorMittal

Credit Suisse

$24

Upgrades Neutral Buy X

MT ArcelorMittal

Goldman

Initiated Sector Weight X

MT ArcelorMittal

KeyBanc Capital Markets

Downgrades Buy Neutral X

MT ArcelorMittal

Goldman

Reiterated Market Perform X

MT ArcelorMittal

Cowen

$35 $38

Upgrades Neutral Buy X

MT ArcelorMittal

BofA/Merrill

MT  Arcelor Mittal NY Registry Shares

ArcelorMittal SA (ArcelorMittal) is a holding company. The Company, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia and Africa. ArcelorMittal operates through five segments, which include NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining. The NAFTA segment produces flat, long and tubular products. The Brazil segment includes the flat operations of Brazil, and the long and tubular operations of Brazil and neighboring countries. The Europe segment is the flat steel producer in Europe. The ACIS segment produces a combination of flat, long products and tubular products. The Mining segment comprises all mines owned by ArcelorMittal in the Americas, Asia, Europe and Africa. It produces a range of finished and semi-finished steel products (semis).