Cleveland-Cliffs cut at J.P. Morgan on weakening fundamentals

Cleveland-Cliffs (NYSE:CLF) -4.8% in Tuesday's trading to its lowest in nearly eight months after J.P. Morgan downgrades shares to Neutral from Overweight with a $17 price target, cut from …


Install CouponFollow Chrome Extension   CouponFollow Extension

8%
OFF

Cleveland-Cliffs Cut At J.P. Morgan On Weakening Fundamentals

1 day from now

Cleveland-Cliffs (NYSE:CLF) -4.8% in Tuesday's trading to its lowest in nearly eight months after J.P. Morgan downgrades shares to Neutral from Overweight with a $17 price target, cut from …

msn.com

69%
OFF

JP Morgan Downgrades Cleveland-Cliffs (CLF) - MSN

1 day from now

Fintel reports that on June 11, 2024, JP Morgan downgraded their outlook for Cleveland-Cliffs (NYSE:CLF) from Overweight to Neutral. Analyst Price Forecast Suggests 44.69% Upside As …

msn.com

$17
OFF

JP Morgan Downgrades Cleveland-Cliffs: Rising Capex And

1 day from now

Jun 11, 2024  · Zinger Key Points. JP Morgan downgraded Cleveland-Cliffs to Neutral with a lower price target of $17, citing reduced growth and rising capex. Despite near-term challenges, the …

benzinga.com

$17
OFF

JPMorgan Downgrades Cleveland-Cliffs, Lowers Price Target

1 day from now

Jun 11, 2024  · JPMorgan has downgraded Cleveland-Cliffs (CLF) stock, revising its rating to Neutral from Overweight and lowering its price target to $17 from $23. This bearish sentiment …

yahoo.com

88%
OFF

Why Cleveland-Cliffs Stock Sank Today - The Motley Fool

1 day from now

Nov 5, 2024  · Cleveland-Cliffs (CLF 4.88%) stock is getting tossed into the scrap pile today. The steelmaker reported third-quarter earnings last night, and results came up short of expectations.

fool.com

$14
OFF

JPMorgan Downgrades Cleveland-Cliffs To Neutral From …

1 day from now

Jun 11, 2024  · -- Cleveland-Cliffs has an average hold rating and a price target range of $14 to $24, according to analysts polled by Capital IQ. Price: 15.62, Change: -0.03, Percent Change: …

marketscreener.com

$17
OFF

Cleveland-Cliffs Stock Downgraded Again. 2 Reasons Wall Street’s ...

1 day from now

Jun 11, 2024  · J.P. Morgan analyst Bill Peterson downgraded shares of steel maker Cleveland-Cliffs to Hold from Buy. His price target went to $17 from $23.

barrons.com

30%
OFF

Why Is Cleveland-Cliffs Stock Down 30% In Six Months? - Forbes

1 day from now

Oct 24, 2024  · Cleveland-Cliffs, a vertically integrated steel mill operator, has seen its stock decline by more than 30% in the last six months. This fall has been primarily due to the …

forbes.com

$650
OFF

Cleveland-Cliffs 2Q Profit Plunges As Margin Weakens

1 day from now

Jul 22, 2024  · Cleveland-Cliffs cut its guidance for full-year capital expenditures to between $650 million and $700 million, from a range of $675 million to $725 million. Write to Victor Swezey at …

morningstar.com

3%
OFF

Cleveland-Cliffs Shares Fall After J.P.Morgan Downgrades To 'neutral ...

1 day from now

Jun 11, 2024  · ** Shares of steelmaker Cleveland-Cliffs NYSE:CLF down ~3% at $15.13 in premarket trading after brokerage J.P.Morgan cuts rating to "neutral" from "overweight"** Says …

tradingview.com

1%
OFF

This Cleveland-Cliffs Analyst Is No Longer Bullish; Here Are Top 5 ...

1 day from now

Jun 11, 2024  · JP Morgan analyst Bill Peterson downgraded the rating for ... from Overweight to Neutral, while lowering the price target from $23 to $17. Cleveland-Cliffs shares fell 1% to …

businessinsider.com

$23
OFF

This Cleveland-Cliffs Analyst Is No Longer Bullish; Here Are Top 5 ...

1 day from now

Jun 11, 2024  · JP Morgan analyst Bill Peterson downgraded the rating for Cleveland-Cliffs Inc. CLF from Overweight to Neutral, while lowering the price target from $23 to $17. Cleveland …

benzinga.com

1%
OFF

Buy Cleveland-Cliffs Stock, Not U.S. Steel, J.P. Morgan Says. The

1 day from now

Cliffs shares were up about 1% in premarket trading Friday, while S&P 500 and Nasdaq Composite futures were up about 0.3% and 0.4%, respectively. U.S. Steel stock was down 0.8%.

msn.com

FAQs about Cleveland-Cliffs cut at J.P. Morgan on weakening fundamentals Coupon?

Why has JPMorgan downgraded Cleveland-Cliffs (CLF) stock?

JPMorgan has downgraded Cleveland-Cliffs ( CLF) stock, revising its rating to Neutral from Overweight and lowering its price target to $17 from $23. This bearish sentiment is driven by concerns about declining steel prices and escalating spending within the company. Yahoo Finance's Julie Hyman and Josh Lipton break down the details. ...

Why are Cleveland-Cliffs (CLF) shares trading lower?

Cleveland-Cliffs Inc. (NYSE:CLF) shares are trading lower after JP Morgan analyst Bill Peterson downgraded the stock from Overweight to Neutral and lowered the price target to $17 (from $23). ...

Should you buy Cleveland-Cliffs (CLF) in 2024?

Fintel reports that on June 11, 2024, JP Morgan downgraded their outlook for Cleveland-Cliffs ( NYSE:CLF) from Overweight to Neutral. Analyst Price Forecast Suggests 44.69% Upside As of June 2, 2024, the average one-year price target for Cleveland-Cliffs is 21.89. The forecasts range from a low of 15.66 to a high of $28.56. ...

Why did Peterson downgrade cliffs stock?

His price target went to $17 from $23. Cliffs stock was down about 3% to $15.18 in premarket trading while S&P 500 and Dow Jones Industrial Average futures were off 0.3% and 0.4%, respectively. Peterson’s two main reasons for the downgrade are lower steel prices and more spending on its operations—diverting cash away from shareholders. ...

Which steel stocks have been pulled down by the Cleveland-Cliffs downgrade?

Other steel stocks also trade lower, perhaps pulled down by the Cleveland-Cliffs ( CLF) downgrade; ArcelorMittal ( MT ) -2.8%, US Steel ( X ) -2.3%, Steel Dynamics ( STLD ) -1.9%, Nucor ( NUE ) -1.3%. Is The Market Wrong About Steel? Why Cleveland-Cliffs Is A Steal ...

Is Cleveland-Cliffs a good stock to buy in 2025?

Cleveland-Cliffs is expecting a better 2025 to help its financial position. The company sees much lower capital spending next year. The latest acquisition will help Cliffs diversify away from automotive. The auto sector is hurting Cleveland-Cliffs right now. Cleveland-Cliffs (CLF -8.51%) stock is getting tossed into the scrap pile today. ...

Install CouponFollow Extension on Chrome

Install the CouponFollow extension to search for discount codes when shopping the fastest!

Install CouponFollow Chrome Extension   Install CouponFollow Chrome Extension