Cleveland-Cliffs Stock Jumps Nearly 10% Due to Infrastructure Demand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 17 2026
0mins
Source: Yahoo Finance
- Stock Recovery: Cleveland-Cliffs (NYSE: CLF) shares jumped nearly 10% this week, recovering from a previous decline due to an analyst downgrade, indicating strong market optimism for the steel sector.
- Positive Industry Outlook: Strong demand from infrastructure, construction, and automotive markets is driving steel prices up, enhancing profit margins for domestic producers and reflecting expectations of economic recovery and robust government investment.
- Analyst Rating Changes: Despite Keybanc analyst Philip Gibbs downgrading Cleveland-Cliffs to a neutral rating, the overall bullish sentiment in the steel industry led investors to buy the dip, showcasing confidence in the sector.
- Peer Performance: Domestic competitor Nucor's stock has risen nearly 7% since the beginning of the year, indicating robust demand across the steel industry, with the upcoming earnings season being crucial to determine if this trend is widespread among steelmakers.
Analyst Views on CLF
Wall Street analysts forecast CLF stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CLF is 12.78 USD with a low forecast of 5.75 USD and a high forecast of 17.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
2 Buy
5 Hold
2 Sell
Hold
Current: 14.020
Low
5.75
Averages
12.78
High
17.00
Current: 14.020
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.
