Cleveland-Cliffs remains a 'Buy' despite recent KeyBanc downgrade and 8%+ price drop, with 37.46% upside potential over 12-24 months. Mix shift to auto-grade/coated raises cost per ton, but price per ton and spread can expand; long-term OEM contracts for 2027–28 should support volume and pricing. Management's footprint optimization, lower CAPEX, and extended bond maturities strengthen CLF's operating leverage and balance sheet.
In the most recent trading session, Cleveland-Cliffs (CLF) closed at $13.2, indicating a -2.94% shift from the previous trading day.
The latest trading day saw Cleveland-Cliffs (CLF) settling at $13.6, representing a +2.41% change from its previous close.
Shares of India's major steel companies jumped between 2% and 4.5% on Wednesday, a day after New Delhi imposed import tariffs on some steel products as the government aims to curb cheap shipments from China.
Cleveland-Cliffs (CLF) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Zacks.com users have recently been watching Cleveland-Cliffs (CLF) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Cleveland-Cliffs (CLF) reported earnings 30 days ago. What's next for the stock?
Steel stock Cleveland-Cliffs Inc (NYSE:CLF) is up 2.1% to trade at $10.96 this afternoon, enjoying its recent bounce off the $10 level.
Over the last month, Cleveland-Cliffs (NYSE:CLF) has experienced a decrease of approximately 25% in its share price, a significant decline for a company that had been benefiting from positive trade-policy news and expectations of a revival in automotive-steel demand.
Zacks.com users have recently been watching Cleveland-Cliffs (CLF) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Cleveland-Cliffs Inc. is downgraded to Sell with a $9.33/share target, citing ongoing challenges in U.S. manufacturing and margin pressures. CLF benefits from U.S. steel tariffs, government contracts, and automotive sector agreements, but faces near-term headwinds and market uncertainty. Recent capital raises, debt refinancing, and asset sales aim to deleverage the balance sheet, yet share dilution may reduce shareholder value.
Recently, Zacks.com users have been paying close attention to Cleveland-Cliffs (CLF). This makes it worthwhile to examine what the stock has in store.