French Stocks Mixed; ArcelorMittal Jumps 5.5% on JPMorgan Upgrade

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Summary · why it matters

French stocks were mixed in cautious trade Friday morning, with the CAC 40 edging up 0.07% to 8,332.27. ArcelorMittal surged 5.5% after JPMorgan upgraded the steelmaker to Neutral from Underweight and raised its price target to 46.10 euros from 42.70 euros. Saint-Gobain and Stellantis rose 1.7% and 1.5% respectively, while Thales fell nearly 2%. France's annual inflation rate eased to 1.8% in June from 2.4% in May, confirming preliminary estimates.

Impact on stocks 4

Critical Materials & Supply Chain▲ · 1 stocks
ArcelorMittal SA
MT
▲ PositiveCapitalrelevance

JPMorgan upgraded to Neutral from Underweight and raised price target.

Cybersecurity & Digital Trust▲ · 1 stocks
Industrials▲ · 1 stocks
Electrification & Mobility▲ · 1 stocks
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