KeyBanc raised the firm’s price target on Cleveland-Cliffs (CLF) to $15 from $14 and keeps an Overweight rating on the shares following quarterly results. The firm cites greater upside optionality associated with the company’s MoU with a foreign steelmaker, which could unlock a substantial range of value creation and makes Cleveland-Cliffs a special situation stock in the near term.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CLF: