GLJ Research Maintains Sell on Cleveland-Cliffs, Lowers Price Target to $11.45
Portfolio Pulse from Benzinga Newsdesk
GLJ Research analyst Gordon Johnson has reiterated a Sell rating on Cleveland-Cliffs (NYSE:CLF) and reduced the price target from $13.44 to $11.45.
December 05, 2023 | 3:16 pm
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NEGATIVE IMPACT
Cleveland-Cliffs' Sell rating is maintained by GLJ Research, with a reduced price target from $13.44 to $11.45, indicating a bearish outlook.
The reduction in price target by GLJ Research suggests a negative sentiment towards Cleveland-Cliffs' future stock performance. This could influence investors' perceptions and potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100