GLJ Research lowered the firm’s price target on Cleveland-Cliffs to $11.41 from $11.45 and keeps a Sell rating on the shares. The analyst says hot-rolled coil are set for a fall, which is not priced into the shares.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on CLF:
- Cleveland-Cliffs CEO tells Bloomberg U.S. Steel offer ‘no longer exists’
- Unusually active option classes on open January 31st
- Cleveland-Cliffs sees FY24 capital expenditures $675M-$725M
- Cleveland-Cliffs (NYSE:CLF) Slips after Soft Q4 Results
- Cleveland-Cliffs sees Q1 adjusted EBITDA ‘meaningfully above’ that of Q4
