CLEVELAND-CLIFFS INC: JEFFERIES LOWERS TARGET PRICE FROM $13 TO $10
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy CLF?
Source: moomoo
- Price Reduction Announcement: Jeffries has cut the target price for Cleveland-Cliffs from $13 to $10.
- Market Impact: This adjustment reflects a shift in market expectations regarding Cleveland-Cliffs' performance.
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Analyst Views on CLF
Wall Street analysts forecast CLF stock price to rise
9 Analyst Rating
2 Buy
5 Hold
2 Sell
Hold
Current: 9.230
Low
5.75
Averages
12.78
High
17.00
Current: 9.230
Low
5.75
Averages
12.78
High
17.00
About CLF
Cleveland-Cliffs Inc. is a steel producer with a focus on value-added sheet products, particularly for the automotive industry in North America. The Company is vertically integrated from the mining of iron ore, production of pellets and direct reduced iron, and processing of ferrous scrap through primary steelmaking and downstream finishing, stamping, tooling, and tubing. Its offering includes advanced high-strength steel, hot-dipped galvanized, aluminized, galvalume, electrogalvanized, galvanneal, hot-rolled coil (HRC), cold-rolled coil, plate, grain oriented electrical steel (GOES), non-oriented electrical steel (NOES), stainless steels, tool and die, stamped components, rail, slab and cast ingot. Its Other Businesses primarily include the Tubular and Tooling and Stamping segments that provide customer solutions with carbon and stainless steel tubing products, advanced-engineered solutions, tool design and build, hot- and cold-stamped steel components and complex assemblies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
CLEVELAND-CLIFFS INC: JEFFERIES LOWERS TARGET PRICE FROM $13 TO $10
- Price Reduction Announcement: Jeffries has cut the target price for Cleveland-Cliffs from $13 to $10.
- Market Impact: This adjustment reflects a shift in market expectations regarding Cleveland-Cliffs' performance.
See More
ArcelorMittal's Stock Surges Over 100% Amid Tariff Push
- Stock Surge: ArcelorMittal's stock has surged over 100% since Trump's tariff announcement, significantly outperforming Nucor and Steel Dynamics, which saw gains of 51% and 6% respectively, indicating its strong market performance and competitive edge.
- Political Influence: The company is supplying steel for Trump's $400 million ballroom renovation project, which, while potentially angering domestic producers by accepting foreign steel, also brings potential orders and heightened market attention to ArcelorMittal.
- Strong Profit Growth: In 2025, ArcelorMittal's profits more than doubled, driven by rising prices in Europe and robust African mining operations, with expectations for further benefits from trade protection measures and improvements in the Carbon Border Adjustment Mechanism in the coming years.
- Underperformance of US Peers: Despite strong demand for steel in the U.S., Cleveland-Cliffs, Nucor, and Steel Dynamics reported disappointing earnings, highlighting competitive pressures and market challenges that could impact future investment decisions.
See More
Century Aluminum Soars 245% Amid Diverging Steel and Aluminum Stocks
- Century Aluminum Surge: Century Aluminum (CENX) has seen its stock price soar by 245% over the past year, significantly outperforming its peers and benchmarks, indicating a strong competitive position in the U.S. aluminum market.
- Steel Sector Performance: Steel Dynamics (STLD) and Nucor (NUE) reported gains of 48% and 45%, respectively, surpassing the S&P 500's 17% and Nasdaq's 13% increases, reflecting a positive trend across the industry.
- Tariff Policy Impact: The Trump administration's increase of aluminum and steel import tariffs from 25% to 50% has led to a mere 2% rise in Cleveland-Cliffs (CLF), highlighting performance disparities within the sector, with high-cost imports creating an aluminum sheet supply deficit exceeding 1.4 million tons.
- Market Sentiment Shift: On Stocktwits, retail sentiment towards Century Aluminum remained predominantly 'bullish', with message volumes rising from 'low' to 'extremely high', while sentiment for other companies largely remained 'neutral'.
See More
Trump Administration Reshapes Steel and Aluminum Tariff Policy
- Tariff Adjustment Plan: The Trump administration is preparing to announce changes to the tariff regime for finished steel and aluminum products this week, aiming to simplify compliance processes and potentially impacting the overall cost structure of the steel and aluminum industry.
- New Tariff Rates: The tariff on finished steel and aluminum products will be reduced from 50% to 25%, applying to the entire value of the finished product rather than just the steel or aluminum content, which may increase tariff costs for certain products.
- Scope of Impact: While many goods will see a lower tariff rate, the new policy's full-value taxation could lead to increased import costs for some products, affecting market prices and consumer spending.
- Stock Volatility: Stocks related to steel and aluminum, such as Nucor, Cleveland-Cliffs, and Alcoa, may experience fluctuations due to this policy change, prompting investors to monitor these companies' market performance and strategies in response to the new tariff regulations.
See More
Market Outlook Dims as Analysts Downgrade Key Stocks
- Oil Prices and Market Pressure: Rising oil prices and bond yields, coupled with Washington's negotiations with Iran, are creating significant challenges for the stock market, as futures indicate a lower open, making it difficult for investors to commit substantial capital in this environment.
- Qualcomm Downgrade: Bernstein downgraded Qualcomm from buy to hold, citing concerns that soaring memory prices are pressuring the smartphone market, indicating a loss of confidence in Qualcomm as Wall Street shifts preference towards Arm Holdings.
- Adobe Faces Competitive Pressure: William Blair downgraded Adobe from buy to hold, highlighting intense AI competition in its core Creative Cloud business, suggesting that Adobe's high valuation may be unsustainable amid declining earnings power.
- Tyson Foods Receives Buy Rating: Mizuho initiated coverage of Tyson Foods with a buy rating, noting that increased consumer demand for nutrient-rich diets will drive growth, while the company's heavy reinvestment over the past five years is expected to enhance profitability.
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Nucor Upgraded Amid Iran Conflict, UBS Sees Buying Opportunity
- Investment Opportunity: UBS upgraded Nucor's rating from neutral to buy and raised its price target from $184 to $190, indicating a 15% upside potential, suggesting that investors should consider buying on the recent sell-off.
- Market Isolation: Analyst Andrew Jones noted that while the Iran conflict has caused supply chain bottlenecks affecting chemicals, steel, and aluminum, U.S. steel producers remain relatively insulated, with Nucor's stock down 6% over the past month but poised for recovery.
- Policy Support: Increased federal contracts for steel manufacturers and a decline in U.S. steel imports could bolster Nucor's stock, particularly in a federally supported high-price/high-volume environment, indicating a positive growth outlook for the company.
- Industry Outlook: With President Trump raising steel tariffs from 25% to 50%, increasing overseas sourcing costs, UBS's view aligns with Wall Street consensus, as two-thirds of the 18 analysts covering Nucor have a buy or strong buy rating, reflecting confidence in its future performance.
See More
CLEVELAND-CLIFFS INC: JEFFERIES LOWERS TARGET PRICE FROM $13 TO $10
- Price Reduction Announcement: Jeffries has cut the target price for Cleveland-Cliffs from $13 to $10.
- Market Impact: This adjustment reflects a shift in market expectations regarding Cleveland-Cliffs' performance.
See More
ArcelorMittal's Stock Surges Over 100% Amid Tariff Push
- Stock Surge: ArcelorMittal's stock has surged over 100% since Trump's tariff announcement, significantly outperforming Nucor and Steel Dynamics, which saw gains of 51% and 6% respectively, indicating its strong market performance and competitive edge.
- Political Influence: The company is supplying steel for Trump's $400 million ballroom renovation project, which, while potentially angering domestic producers by accepting foreign steel, also brings potential orders and heightened market attention to ArcelorMittal.
- Strong Profit Growth: In 2025, ArcelorMittal's profits more than doubled, driven by rising prices in Europe and robust African mining operations, with expectations for further benefits from trade protection measures and improvements in the Carbon Border Adjustment Mechanism in the coming years.
- Underperformance of US Peers: Despite strong demand for steel in the U.S., Cleveland-Cliffs, Nucor, and Steel Dynamics reported disappointing earnings, highlighting competitive pressures and market challenges that could impact future investment decisions.
See More
Century Aluminum Soars 245% Amid Diverging Steel and Aluminum Stocks
- Century Aluminum Surge: Century Aluminum (CENX) has seen its stock price soar by 245% over the past year, significantly outperforming its peers and benchmarks, indicating a strong competitive position in the U.S. aluminum market.
- Steel Sector Performance: Steel Dynamics (STLD) and Nucor (NUE) reported gains of 48% and 45%, respectively, surpassing the S&P 500's 17% and Nasdaq's 13% increases, reflecting a positive trend across the industry.
- Tariff Policy Impact: The Trump administration's increase of aluminum and steel import tariffs from 25% to 50% has led to a mere 2% rise in Cleveland-Cliffs (CLF), highlighting performance disparities within the sector, with high-cost imports creating an aluminum sheet supply deficit exceeding 1.4 million tons.
- Market Sentiment Shift: On Stocktwits, retail sentiment towards Century Aluminum remained predominantly 'bullish', with message volumes rising from 'low' to 'extremely high', while sentiment for other companies largely remained 'neutral'.
See More
Trump Administration Reshapes Steel and Aluminum Tariff Policy
- Tariff Adjustment Plan: The Trump administration is preparing to announce changes to the tariff regime for finished steel and aluminum products this week, aiming to simplify compliance processes and potentially impacting the overall cost structure of the steel and aluminum industry.
- New Tariff Rates: The tariff on finished steel and aluminum products will be reduced from 50% to 25%, applying to the entire value of the finished product rather than just the steel or aluminum content, which may increase tariff costs for certain products.
- Scope of Impact: While many goods will see a lower tariff rate, the new policy's full-value taxation could lead to increased import costs for some products, affecting market prices and consumer spending.
- Stock Volatility: Stocks related to steel and aluminum, such as Nucor, Cleveland-Cliffs, and Alcoa, may experience fluctuations due to this policy change, prompting investors to monitor these companies' market performance and strategies in response to the new tariff regulations.
See More
Market Outlook Dims as Analysts Downgrade Key Stocks
- Oil Prices and Market Pressure: Rising oil prices and bond yields, coupled with Washington's negotiations with Iran, are creating significant challenges for the stock market, as futures indicate a lower open, making it difficult for investors to commit substantial capital in this environment.
- Qualcomm Downgrade: Bernstein downgraded Qualcomm from buy to hold, citing concerns that soaring memory prices are pressuring the smartphone market, indicating a loss of confidence in Qualcomm as Wall Street shifts preference towards Arm Holdings.
- Adobe Faces Competitive Pressure: William Blair downgraded Adobe from buy to hold, highlighting intense AI competition in its core Creative Cloud business, suggesting that Adobe's high valuation may be unsustainable amid declining earnings power.
- Tyson Foods Receives Buy Rating: Mizuho initiated coverage of Tyson Foods with a buy rating, noting that increased consumer demand for nutrient-rich diets will drive growth, while the company's heavy reinvestment over the past five years is expected to enhance profitability.
See More
Nucor Upgraded Amid Iran Conflict, UBS Sees Buying Opportunity
- Investment Opportunity: UBS upgraded Nucor's rating from neutral to buy and raised its price target from $184 to $190, indicating a 15% upside potential, suggesting that investors should consider buying on the recent sell-off.
- Market Isolation: Analyst Andrew Jones noted that while the Iran conflict has caused supply chain bottlenecks affecting chemicals, steel, and aluminum, U.S. steel producers remain relatively insulated, with Nucor's stock down 6% over the past month but poised for recovery.
- Policy Support: Increased federal contracts for steel manufacturers and a decline in U.S. steel imports could bolster Nucor's stock, particularly in a federally supported high-price/high-volume environment, indicating a positive growth outlook for the company.
- Industry Outlook: With President Trump raising steel tariffs from 25% to 50%, increasing overseas sourcing costs, UBS's view aligns with Wall Street consensus, as two-thirds of the 18 analysts covering Nucor have a buy or strong buy rating, reflecting confidence in its future performance.
See More
