Demystifying Cleveland-Cliffs: Insights From 6 Analyst Reviews
Portfolio Pulse from Benzinga Insights
Cleveland-Cliffs (NYSE:CLF) has been analyzed by 6 analysts, showing a mix of ratings from bullish to bearish. The average 12-month price target is $21.45, a slight decrease from the previous $21.83. Analyst actions include adjustments to ratings and price targets, reflecting changes in market conditions and company performance. Cleveland-Cliffs, a major steel producer and iron ore pellet manufacturer in North America, has seen revenue growth but faces challenges in profitability and efficiency, with a market capitalization below industry benchmarks.
April 24, 2024 | 4:00 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Cleveland-Cliffs has received mixed analyst ratings, with a slight decrease in the average price target to $21.45. The company faces challenges in profitability and market capitalization.
The mixed analyst ratings and slight decrease in the average price target reflect uncertainty and a cautious outlook for Cleveland-Cliffs. Despite revenue growth, the company's challenges in maintaining profitability and a lower market capitalization compared to industry peers suggest a neutral short-term impact on the stock price. The detailed analysis of analyst actions and company performance metrics indicates a balanced view, with potential for both positive and negative developments influencing the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100