Tariff Increase Announcement: The U.S. Commerce Department has raised tariffs on over 400 products, including wind turbines, railcars, and EV parts, imposing a 50% duty on the steel and aluminum content.
Impact on Automotive Industry: This tariff increase is expected to significantly raise costs for automakers, potentially adding nearly $2,000 to the price of each vehicle, particularly affecting companies like Ford Motor Co.
Industry Reactions: Steel producers are advocating for broader tariffs on more auto parts, while Tesla has opposed including certain steel products used in electric vehicles, citing insufficient domestic production capacity.
Historical Context: The tariff increase follows President Trump's earlier decision to double tariffs on imported steel to protect the American steel industry and jobs, despite facing criticism regarding its impact on manufacturing costs.
CLF
$12.92+Infinity%1D
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 12.12 USD with a low forecast of 5.75 USD and a high forecast of 16.00 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
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 12.12 USD with a low forecast of 5.75 USD and a high forecast of 16.00 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.
2 Buy
6 Hold
1 Sell
Hold
Current: 12.750
Low
5.75
Averages
12.12
High
16.00
Current: 12.750
Low
5.75
Averages
12.12
High
16.00
BofA
Lawson Winder
Neutral
downgrade
$14
2025-11-24
Reason
BofA
Lawson Winder
Price Target
$14
2025-11-24
downgrade
Neutral
Reason
BofA analyst Lawson Winder lowered the firm's price target on Cleveland-Cliffs to $12.50 from $14 and keeps a Neutral rating on the shares. The firm is refreshing its price forecasts for North American Metals & Mining stocks under its coverage, the analyst tells investors. The firm sees the macro backdrop as challenging due to China's slowing commodity demand but notes this may be offset by a rebound in demand in U.S. and Europe.
Wells Fargo
Underweight -> Equal Weight
upgrade
$11 -> $12
2025-11-14
Reason
Wells Fargo
Price Target
$11 -> $12
2025-11-14
upgrade
Underweight -> Equal Weight
Reason
Wells Fargo upgraded Cleveland-Cliffs to Equal Weight from Underweight with a price target of $12, up from $11.
Wells Fargo
Underweight
to
Equal Weight
upgrade
$11 -> $12
2025-11-14
Reason
Wells Fargo
Price Target
$11 -> $12
2025-11-14
upgrade
Underweight
to
Equal Weight
Reason
As previously reported, Wells Fargo upgraded Cleveland-Cliffs to Equal Weight from Underweight with a price target of $12, up from $11, after estimates rise to reflect newly increased sheet steel forecasts for 2026. Shares look appropriately valued relative to the new price target, using an unchanged basis but higher 2026 EBITDA, Wells argues.
Citi
Neutral
downgrade
$12 -> $11
2025-11-11
Reason
Citi
Price Target
$12 -> $11
2025-11-11
downgrade
Neutral
Reason
Citi lowered the firm's price target on Cleveland-Cliffs to $11 from $12 and keeps a Neutral rating on the shares.
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.
