JP Morgan Downgrades Cleveland-Cliffs to Neutral, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Bill Peterson has downgraded Cleveland-Cliffs (NYSE:CLF) from Overweight to Neutral and lowered the price target from $23 to $17.
June 11, 2024 | 9:41 am
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JP Morgan analyst Bill Peterson downgraded Cleveland-Cliffs from Overweight to Neutral and reduced the price target from $23 to $17.
The downgrade from Overweight to Neutral and the significant reduction in the price target from $23 to $17 by a major financial institution like JP Morgan is likely to negatively impact investor sentiment and the short-term stock price of Cleveland-Cliffs.
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