Morgan Stanley Maintains Overweight on Cleveland-Cliffs, Raises Price Target to $21.5
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Carlos De Alba has maintained an Overweight rating on Cleveland-Cliffs (NYSE:CLF) and raised the price target from $19 to $21.5.
October 31, 2023 | 12:34 pm
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Morgan Stanley has maintained an Overweight rating on Cleveland-Cliffs and raised the price target from $19 to $21.5, which could positively impact the stock's price.
The Overweight rating maintained by Morgan Stanley indicates a positive outlook for Cleveland-Cliffs. The increase in the price target from $19 to $21.5 suggests that the analyst believes the stock has potential for further growth, which could lead to an increase in the stock's price in the short term.
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