Boston, MA 02/11/2014 (wallstreetpr) – ArcelorMittal (ADR) (NYSE:MT)’s rumored purchase bid for Ilva remains one of the top trending news in steel industry. Although some other names have also featured as also being interested in bidding for the troubled Ilva, a family owned steel giant in southern Europe. It is reported that Italian steel groups Arvedi and Marcegaglia as well as some Russian and Chinese players are also salivating for Ilva. However, these chatters still remain speculations as no concrete comments from the companies reportedly involved in the talks have been forthcoming. While Ilva is obviously the best bet for any steel company aiming to control steel prices in southern Europe, the cost being required to be met by the company to reduce pollution levels around its Taranto plant might be a deterrent for the potential bidders. That cost is estimated to be $3 billion. Yet, some analysts have expressed doubt if shareholders of ArcelorMittal (ADR) (NYSE:MT) would give nod for the latest bid considering that the company recently purchased ThyssenKrupp.
Verizon Communications Inc. (NYSE:VZ) has been reiterated “buy” at TheStreet and assigned “neutral” by analysts at Zacks. The stock has a price target of $49 from the two rating firms. As the company concludes a deal to purchase the 45 percent Vodafone stake in Verizon Wireless from, many analysts have been weighing on the stock, thus giving it a consensus “buy” from 34 brokerages and average price target of $55.04. Analysts cite such strength as revenue growth, expanding profit margins, increase in stock price and notable return on equity. Verizon Communications Inc. (NYSE:VZ) is paying $130 billion to buy Vodafone out of Verizon Wireless, a move that is expected to resulting in more benefits for Verizon customers and investors.
Gilead Sciences, Inc. (NASDAQ:GILD) will webcast its corporate presentation at the two upcoming investor conferences. These are 16th Annual BIO CEO & Investor Conference and 2014 Leerink Swann Healthcare Conference. Both these events will take place in New York. The company’s President and Chief Operating Officer John Milligan will present at the BIO conference Tuesday, February 11, at 10 a.m. ET. He will also prove an overview of the company at the 2014 Leerink Swann conference Wednesday, February 12, at 10.40 a.m. ET. Gilead Sciences, Inc. (NASDAQ:GILD) is advising investors interested in following the live webcast to log on to the company’s website at least 15 minutes before the presentations start.
