ArcelorMittal Stock Downgraded as Rally Outpaces Fundamentals

Morgan Stanley has downgraded ArcelorMittal (NYSE: MT) stock from Overweight to Equalweight, citing concerns that the recent stock rally has outpaced the company's fundamentals. Analyst Alain Gabriel made this decision on Friday, February 14, 2025. This move comes despite ArcelorMittal's better-than-expected Q4 2024 results and positive outlook for steel demand in 2025. The company reported an operating profit of $1.65 billion for Q4 2024, surpassing analyst expectations. However, ArcelorMittal also posted a $390 million net loss for the quarter, missing analyst projections. The stock closed at $28.60 on February 13, 2025, down 0.38%.

 

Source: Morgan Stanley, ArcelorMittal earnings report, Reuters