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Fly News Breaks for March 30, 2017
MT
Mar 30, 2017 | 09:08 EDT
BofA/Merrill analyst Jason Fairclough said the near-term macro and regulatory environment is supportive of steel. The analyst is modeling ArcelorMittal's Q2 EBITDA of $2.5B, 25% above consensus, driven by margin expansion and higher volumes. Farclough recommends buying ArcelorMittal into the Q2 report and reiterates his Buy rating and $12.18 price target.
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