Citigroup Upgrades Cleveland-Cliffs to Buy, Announces $22 Price Target
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Alexander Hacking has upgraded Cleveland-Cliffs (NYSE:CLF) from Neutral to Buy and set a price target of $22.
September 25, 2023 | 1:15 pm
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POSITIVE IMPACT
Cleveland-Cliffs has been upgraded to Buy from Neutral by Citigroup, with a price target of $22.
The upgrade from Citigroup is a positive signal for Cleveland-Cliffs. The new Buy rating and the $22 price target suggest that the analyst sees potential upside in the stock, which could drive its price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100