Cleveland-Cliffs shares are trading lower after JP Morgan downgraded the stock from Overweight to Neutral.
Portfolio Pulse from Benzinga Newsdesk
Cleveland-Cliffs shares are trading lower after JP Morgan downgraded the stock from Overweight to Neutral.
June 11, 2024 | 1:45 pm
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NEGATIVE IMPACT
Cleveland-Cliffs shares are experiencing a decline following a downgrade by JP Morgan from Overweight to Neutral.
The downgrade by a major financial institution like JP Morgan typically leads to a negative sentiment among investors, causing a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100