B. Riley lowered the firm’s price target on Cleveland-Cliffs (CLF) to $14 from $17 and keeps a Buy rating on the shares. Cleveland-Cliffs outlined over $1B of EBITDA improvement in the near- to medium-term from the combination of automotive volume recovery, footprint optimization, and the expiration of its unprofitable slab contract in December 2025, the analyst tells investors in a research note. While Q2 results are unlikely to reflect the recovery in earnings investors have been looking for, the second half of the year could bring notable improvement as these initiatives begin to flow through, B. Riley argues.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CLF:
- Cautious Hold Rating for Cleveland-Cliffs Amid Strategic Expansion and Economic Uncertainties
- Cleveland-Cliffs Reports Q1 2025 Financial Results
- Cleveland-Cliffs Earnings Call: Challenges and Optimism
- Mixed options sentiment in Cleveland-Cliffs (CLF), with shares down $-1.34 (-15.84%) near $7.14.
- Cleveland-Cliffs: Strategic Shifts and Steel Pricing Drive Buy Rating Despite Recent Challenges