B. Riley Securities Maintains Buy Rating for Cleveland-Cliffs: Here's What You Need To Know

B. Riley Securities has decided to maintain its Buy rating of Cleveland-Cliffs CLF and lower its price target from $37.00 to $32.00.

Shares of Cleveland-Cliffs are trading up 3.63% over the last 24 hours, at $13.55 per share.

A move to $32.00 would account for a 136.08% increase from the current share price.

About Cleveland-Cliffs

Cleveland-Cliffs Inc is a flat-rolled steel producer and a manufacturer of iron ore pellets in North America. It is vertically integrated from mined raw materials and direct reduced iron to primary steelmaking and downstream finishing, stamping, tooling and tubing. The company serves a diverse range of markets due to its comprehensive offering of flat-rolled steel products and supplying of steel to the automotive industry in North America. The group employs approximately 26,000 people across its mining, steel and downstream manufacturing operations in the United States and Canada.

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: Analyst RatingsBZI-AAR-UPDATE
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