Stephens & Co. Initiates ArcelorMittal With Overweight

Stephens & Co. initiated coverage on

with a Overweight rating. The target price for ArcelorMittal is set to $121. ArcelorMittal shares have dropped 33.07 percent over the past 52 weeks, while the S&P 500 index has surged 13.21 percent in the same period. ArcelorMittal's shares rose 0.83 percent to $10.90 in pre-market trading.