(CercleFinance.com) – Contrary to market trends, ArcelorMittal sold less than 1% on the back of comments from Oddo BHF, which reiterated its ‘outperformance’ opinion but adjusted its target price from 45 to 39 euros on the title of the steelmaker.
The design office has lowered its estimates to take into account a less favorable environment for prices and volumes, but also takes into account a higher WACC (weighted average cost of capital) in its valuation by DCF.