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.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CLF: