Bank of America Upgrades ArcelorMittal To Buy

Analysts at Bank of America upgraded

from Neutral to Buy. ArcelorMittal shares have dropped 27.34 percent over the past 52 weeks, while the S&P 500 index has surged 12.95 percent in the same period. ArcelorMittal shares rose 3.11 percent to $11.95 in pre-market trading.