Morgan Stanley Maintains Equal-Weight on Cleveland-Cliffs, Lowers Price Target to $13.5
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Carlos De Alba maintains an Equal-Weight rating on Cleveland-Cliffs (NYSE:CLF) but lowers the price target from $15 to $13.5.
September 18, 2024 | 11:48 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Morgan Stanley has maintained its Equal-Weight rating on Cleveland-Cliffs but reduced the price target from $15 to $13.5, indicating a more cautious outlook.
The reduction in price target from $15 to $13.5 by Morgan Stanley suggests a less optimistic view on Cleveland-Cliffs' short-term performance, which could lead to a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100