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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POSITIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100