Wolfe Research Downgrades Cleveland-Cliffs to Underperform
Portfolio Pulse from Benzinga Newsdesk
Wolfe Research analyst Timna Tanners downgraded Cleveland-Cliffs (NYSE:CLF) from Peer Perform to Underperform, indicating a negative outlook on the company's stock.

April 09, 2024 | 10:51 am
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Cleveland-Cliffs was downgraded by Wolfe Research from Peer Perform to Underperform, suggesting a bearish view on the stock.
The downgrade by a notable analyst firm like Wolfe Research typically leads to a negative perception among investors, potentially causing a short-term decline in the stock's price. The move from 'Peer Perform' to 'Underperform' signals a significant shift in the firm's outlook on Cleveland-Cliffs, likely due to underlying concerns about the company's future performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100