Morgan Stanley Maintains Equal-Weight on Cleveland-Cliffs, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Carlos De Alba has maintained an Equal-Weight rating on Cleveland-Cliffs (NYSE:CLF) but has lowered the price target from $17.5 to $15.
August 15, 2024 | 12:52 pm
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Morgan Stanley has maintained an Equal-Weight rating on Cleveland-Cliffs but lowered the price target from $17.5 to $15, indicating a more cautious outlook.
The lowered price target from $17.5 to $15 by Morgan Stanley suggests a more cautious outlook on Cleveland-Cliffs' future performance, which could lead to a short-term negative impact on the stock price.
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