Beyond The Numbers: 6 Analysts Discuss Cleveland-Cliffs Stock
Portfolio Pulse from Benzinga Insights
Over the past three months, six analysts have shared their insights on Cleveland-Cliffs (NYSE:CLF), with opinions ranging from bullish to bearish. The average 12-month price target has decreased by 10.55%, indicating a negative shift in sentiment. Analysts have adjusted their ratings and price targets, reflecting their reactions to recent developments. Cleveland-Cliffs faces challenges with a decline in revenue growth, low net margin, and below-industry-average ROE and ROA.
September 10, 2024 | 5:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Cleveland-Cliffs (NYSE:CLF) has seen a negative shift in analyst sentiment, with a 10.55% decrease in the average 12-month price target. The company faces challenges with declining revenue growth, low net margin, and below-industry-average ROE and ROA.
The decrease in the average price target by 10.55% and the negative sentiment from analysts suggest a bearish outlook for Cleveland-Cliffs. The company's financial challenges, including declining revenue growth and low profitability metrics, further support a likely short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100