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Fly News Breaks for October 7, 2019
MT
Oct 7, 2019 | 09:00 EDT
Deutsche Bank analyst Bastian Synagowitz lowered his price target for ArcelorMittal to $18 from $25 and keeps a Buy rating on the shares ahead of the company's Q3 results. The analyst expects a "soft" quarter, saying "weak" margins will hit the profit line while volumes will be impacted by both seasonality and weak demand.
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