GLJ Research Downgrades Cleveland-Cliffs to Sell, Announces $10.13 Price Target
Portfolio Pulse from Benzinga Newsdesk
GLJ Research has downgraded Cleveland-Cliffs (NYSE:CLF) from Buy to Sell, setting a price target of $10.13.
June 06, 2024 | 4:47 pm
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NEGATIVE IMPACT
GLJ Research has downgraded Cleveland-Cliffs from Buy to Sell, with a new price target of $10.13. This downgrade could negatively impact the stock price in the short term.
The downgrade from Buy to Sell by a reputable analyst and the setting of a lower price target at $10.13 is likely to create negative sentiment among investors, leading to a potential decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100