JPMorgan resumed coverage of Cleveland-Cliffs (CLF) with a Neutral rating and $7.50 price target The firm sees a balanced risk/reward with trade-related news likely to drive the shares. JPMorgan sees downside risk to Q2 estimates but feels investor expectations are already low.
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Read More on CLF:
- Option traders moderately bearish in Cleveland-Cliffs with shares down 5.27%
- Cleveland-Cliffs call volume above normal and directionally bullish
- Mixed options sentiment in Cleveland-Cliffs with shares down 1.32%
- Mixed options sentiment in Cleveland-Cliffs with shares down 0.89%
- Cleveland-Cliffs price target raised to $8 from $7.50 at Morgan Stanley