Morgan Stanley Maintains Overweight on Cleveland-Cliffs, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Carlos De Alba maintains an Overweight rating on Cleveland-Cliffs (NYSE:CLF) but lowers the price target from $24 to $19.

May 22, 2023 | 12:02 pm
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Morgan Stanley maintains an Overweight rating on Cleveland-Cliffs (NYSE:CLF) but lowers the price target from $24 to $19.
The news of Morgan Stanley maintaining an Overweight rating on Cleveland-Cliffs indicates a positive outlook for the company. However, the lowering of the price target from $24 to $19 may create uncertainty among investors, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100