Argus Research Downgrades Cleveland-Cliffs to Hold
Portfolio Pulse from Benzinga Newsdesk
Argus Research analyst David Coleman has downgraded Cleveland-Cliffs (NYSE:CLF) from Buy to Hold, indicating a shift in the firm's outlook on the stock.
February 08, 2024 | 4:39 pm
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Cleveland-Cliffs was downgraded from Buy to Hold by Argus Research analyst David Coleman, potentially impacting investor sentiment.
Downgrades by research firms often lead to a negative short-term reaction in the stock market as they may signal a change in the company's future prospects or current valuation. Given that this downgrade comes from a reputable analyst, it could lead to decreased investor confidence and a potential decrease in stock price in the short term.
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