B. Riley Securities Maintains Buy on Cleveland-Cliffs, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Lucas Pipes has maintained a 'Buy' rating on Cleveland-Cliffs (NYSE:CLF), but lowered the price target from $26 to $25.
September 27, 2023 | 4:15 pm
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Cleveland-Cliffs' price target has been lowered from $26 to $25 by B. Riley Securities, though the 'Buy' rating is maintained.
The lowering of the price target by B. Riley Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees upside potential, which could counterbalance the negative impact.
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IMPORTANCE 70
RELEVANCE 100