Stock Track | Cleveland-Cliffs (CLF) Soars 5.44% on Analyst Upgrades and Strategic Advantages

Stock Track
07-22

Cleveland-Cliffs Inc. (CLF) stock surged 5.44% in pre-market trading on Tuesday, following a series of positive analyst actions and the release of the company's second-quarter 2025 earnings call transcript. The steel and iron ore company's shares gained momentum as investors reacted to upgraded ratings and increased price targets from prominent Wall Street firms.

KeyBanc Capital Markets led the bullish sentiment by upgrading Cleveland-Cliffs to Overweight from Sector Weight, setting a price target of $14. This upgrade signifies a strong vote of confidence in the company's future prospects. Additionally, Morgan Stanley raised its price target on CLF to $10.50 from $8, while maintaining an Equalweight rating, further boosting investor optimism.

The positive outlook was reinforced by Cleveland-Cliffs' recent earnings call, where CEO Lourenco Goncalves highlighted the company's strategic advantages. Notably, Goncalves emphasized CLF's independence from imported pig iron, stating, "Cleveland-Cliffs does not rely on imported pig iron at all. We have our own hot-briquetted iron facility in Toledo, Ohio." This strategic positioning is particularly significant in light of the upcoming 50% tariff on Brazilian pig iron, set to take effect on August 1st, potentially giving Cleveland-Cliffs a competitive edge in the market.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10