Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America. It also manufactures iron ore pellets. The company is vertically integrated from mined raw materials and direct reduced iron to primary steelmaking and downstream finishing, stamping, tooling, and tubing. It serves a range of markets through offering of flat-rolled steel products and supplies steel to the automotive industry. The company was formerly known as Cliffs Natural Resources Inc. and changed its name to Cleveland-Cliffs Inc. in August 2017. Cleveland-Cliffs Inc. was founded in 1847 and is headquartered in Cleveland, Ohio.
IPO Year:
Exchange: NYSE
Website: clevelandcliffs.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/29/2025 | $6.00 | Buy → Hold | Jefferies |
| 12/2/2024 | $16.00 | Buy | Goldman |
| 8/27/2024 | $16.50 | Neutral → Buy | Seaport Research Partners |
| 6/11/2024 | $23.00 → $17.00 | Overweight → Neutral | JP Morgan |
| 5/20/2024 | $22.00 | Buy | Jefferies |
| 4/9/2024 | $18.00 | Peer Perform → Underperform | Wolfe Research |
| 3/13/2024 | $22.00 | Buy → Neutral | Citigroup |
| 2/28/2024 | $16.50 | Neutral → Underperform | Exane BNP Paribas |
| 2/15/2024 | $21.50 → $20.00 | Overweight → Equal-Weight | Morgan Stanley |
| 2/9/2024 | $24.00 | Overweight | JP Morgan |
Jefferies downgraded Cleveland-Cliffs from Buy to Hold and set a new price target of $6.00
Goldman initiated coverage of Cleveland-Cliffs with a rating of Buy and set a new price target of $16.00
Seaport Research Partners upgraded Cleveland-Cliffs from Neutral to Buy and set a new price target of $16.50
JP Morgan downgraded Cleveland-Cliffs from Overweight to Neutral and set a new price target of $17.00 from $23.00 previously
Jefferies initiated coverage of Cleveland-Cliffs with a rating of Buy and set a new price target of $22.00
Wolfe Research downgraded Cleveland-Cliffs from Peer Perform to Underperform and set a new price target of $18.00
Citigroup downgraded Cleveland-Cliffs from Buy to Neutral and set a new price target of $22.00
Exane BNP Paribas downgraded Cleveland-Cliffs from Neutral to Underperform and set a new price target of $16.50
Morgan Stanley downgraded Cleveland-Cliffs from Overweight to Equal-Weight and set a new price target of $20.00 from $21.50 previously
JP Morgan resumed coverage of Cleveland-Cliffs with a rating of Overweight and set a new price target of $24.00