Zitong Financial APP learned that Deutsche Bank issued a research report to maintain ArcelorMittal's (MT.US) "buy" rating and a target price of $36. Analyst Bastian Synagowitz said he expected the company's fourth-quarter results to decline in a row as profit margins in all steel businesses were narrowing in spite of an improvement in iron ore prices. Synagowitz added that clearly demand in western markets remained sluggish and that with room for further recovery and the bottom of the Chinese market, he continued to believe that the path of recovery would continue until 2023 / 24.
德银：维持安赛乐米塔尔(MT.US)“买入”评级和36美元目标价
Deutsche Bank: Maintains ArcelorMittal (MT.US) “Buy” rating and $36 target price
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