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.

Analyst Ratings

Citigroup Maintains Buy on MT (ArcelorMittal S.A.), Feb 13 2026, PT €66

ByHuzaifa Zahoor February 14, 2026February 14, 2026

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.