Citigroup maintained a Buy on MT analyst rating and raised its price target to €66 on February 13, 2026. The firm kept its positive stance while lifting the target from €55, signalling stronger earnings or valuation confidence. This action led to a modest intraday move of 0.21% ($0.13) at the time of the note. The Citi note is published via TheFly and reflects a targeted valuation reset for ArcelorMittal S.A. investors.
MT analyst rating: Citi maintains Buy and raises price target
On Feb 13, 2026 Citigroup maintained its Buy rating on ArcelorMittal S.A. (MT) and raised the price target to €66 from €55. The update was published through TheFly and confirms Citi’s continued positive view on European steel demand and company fundamentals. source
Other analyst moves and broader coverage
Two days earlier, Jefferies upgraded ArcelorMittal to Buy and set a €62 price target, broadening the buy-side momentum for MT. That upgrade came on Feb 11, 2026 and supports the shift in analyst sentiment toward the EU steel outlook. source
Investor implications of the maintained Buy and PT lift
A maintained Buy with a higher price target signals Citi expects better cash flow or stronger margins ahead for ArcelorMittal S.A. Investors should view the note as a positive signal for medium-term earnings expectations. The change does not guarantee price moves, but it can increase analyst-driven demand and affect short-term momentum.
Price targets, market cap and short-term stock reaction
Citi’s new €66 target and Jefferies’ €62 target imply a firmer valuation band for MT compared with prior notes. Market capitalisation stands at $47,147,238,599, which places the company’s investor base in large-cap industrial territory. The immediate market response to Citi’s note was small, a 0.21% move equal to $0.13.
Historical context of analyst coverage on ArcelorMittal S.A.
Citi has updated ArcelorMittal targets in recent cycles, often reacting to commodity price shifts and EU steel demand. Analyst coverage has trended more constructive in the last 12 months, with multiple firms raising targets or upgrading ratings on improved fundamentals and demand forecasts. This recent cluster of upgrades reflects that broader trend.
Meyka AI grade and short outlook
Meyka AI rates MT with a grade of B+. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. These grades are not guaranteed and we are not financial advisors.
Final Thoughts
Citi’s Feb 13, 2026 note kept a Buy on MT and raised the price target to €66, reinforcing a move toward more bullish analyst views. Combined with Jefferies’ recent upgrade, the trend points to improved analyst conviction on European steel demand and ArcelorMittal S.A.’s near-term earnings leverage. For investors, maintained Buy ratings with higher targets can mean analysts expect earnings or margin gains, but these views carry model and commodity risks. Traders may see short-term momentum after such notes, while long-term investors should weigh fundamentals, cyclicality, and balance sheet strength. Use analyst notes as one input among valuation, earnings, and macro factors before acting on MT analyst rating recommendations.
FAQs
What exactly changed in the Feb 13, 2026 Citi note on MT analyst rating?
Citi maintained a Buy on MT and raised the price target to €66 from €55 on Feb 13, 2026. The note signals higher expected earnings or valuation for ArcelorMittal S.A., and the update produced a small intraday move of 0.21% ($0.13).
How should investors interpret a maintained Buy versus an upgrade?
A maintained Buy with a higher price target means the analyst stays constructive but has raised target assumptions. It shows confidence without changing conviction level. Investors should combine this with earnings, commodity outlook, and valuation before acting.
Do price target increases guarantee stock gains for MT?
No. Price target increases reflect analyst models and assumptions. They can influence sentiment and flows, but commodity volatility and macro risks can alter outcomes. Use targets alongside balance sheet and cash flow analysis.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Analyst ratings are opinions and not guarantees of future performance. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
