Citigroup Upgrades Cleveland-Cliffs to Buy, Maintains Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Alexander Hacking has upgraded Cleveland-Cliffs (NYSE:CLF) from Neutral to Buy, while maintaining the price target at $22.
September 26, 2023 | 3:03 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Cleveland-Cliffs has been upgraded from Neutral to Buy by Citigroup, with the price target remaining at $22.
The upgrade from Neutral to Buy indicates a positive outlook for Cleveland-Cliffs. This could lead to increased investor confidence and potentially a rise in the stock price in the short term. The maintained price target of $22 suggests that the analyst believes the stock is currently undervalued.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100