B. Riley Securities Maintains Cleveland-Cliffs Buy Rating: Here’s What You Need to Know – Cleveland-Cliffs (NYSE:CLF)


B. Riley Securities has decided to maintain its buy rating of Cleveland-Cliffs FLC and lowering its price target from $37.00 to $32.00.

Cleveland-Cliffs shares are trading up 3.63% in the past 24 hours, at $13.55 per share.

A move to $32.00 would represent a 136.08% increase over the current stock price.

About Cleveland Cliffs

Cleveland-Cliffs Inc is a flat-rolled steel producer and iron ore pellet manufacturer in North America. It is vertically integrated from mined raw materials and reduced iron directly to primary steelmaking and downstream finishing, stamping, tooling and tubing. The company serves a wide range of markets through its complete offering of flat-rolled steel products and the supply of steel to the automotive industry in North America. The group employs approximately 26,000 people in its mining, steel and downstream manufacturing operations in the United States and Canada.

About analyst ratings

Analysts work in banking and financial systems and typically specialize in reporting on stocks or defined sectors. Analysts can attend company conference calls and meetings, research company financials, and communicate with insiders to issue “analyst notes” for stocks. Analysts typically rate each stock once a quarter.

Some analysts will also offer forecasts for metrics such as growth estimates, earnings, and revenue to provide additional stock insights. Investors using analyst ratings should note that such expert advice is human-sourced and may be subject to error.

If you want to track which analysts are outperforming others, you can view updated analyst ratings as well as analyst pass scores in Benzinga Pro.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

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