Seaport Global Upgrades Cleveland-Cliffs to Buy, Announces $16.5 Price Target
Portfolio Pulse from Benzinga Newsdesk
Seaport Global analyst Martin Englert has upgraded Cleveland-Cliffs (NYSE:CLF) from Neutral to Buy, setting a price target of $16.5.
August 27, 2024 | 12:45 pm
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POSITIVE IMPACT
Seaport Global has upgraded Cleveland-Cliffs from Neutral to Buy, with a new price target of $16.5. This upgrade could positively influence investor sentiment and potentially drive the stock price higher in the short term.
The upgrade from Neutral to Buy by Seaport Global, along with a specific price target of $16.5, is likely to attract investor attention and increase buying interest in Cleveland-Cliffs. Such analyst upgrades often lead to short-term price appreciation as they signal confidence in the company's prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100