Morgan Stanley Reiterates Overweight on Cleveland-Cliffs, Maintains $19 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Carlos De Alba has reiterated an Overweight rating on Cleveland-Cliffs (NYSE:CLF) and maintained a $19 price target.
July 27, 2023 | 4:00 pm
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Morgan Stanley has reiterated an Overweight rating on Cleveland-Cliffs and maintained a $19 price target.
The reiteration of an Overweight rating by Morgan Stanley indicates a positive outlook for Cleveland-Cliffs. The maintained price target of $19 suggests that the analyst believes the stock is undervalued at current levels, which could lead to upward price movement in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100