ArcelorMittal's revenue beats estimates but EPS misses, Deutsche Bank raises price target.

ArcelorMittal reported strong revenue of $32.25 billion for the first half of 2026, significantly exceeding analyst expectations of $17.56 billion, driven by robust steel demand. However, its earnings per share (EPS) came in at $0.89, below the expected $1.18, indicating some profit margin pressure. Following the report, Deutsche Bank raised its price target for the stock to $75.00, suggesting confidence in the company's future prospects despite the EPS miss. The stock price reacted positively, reaching a high of $70.59 during trading.