Cleveland-Cliffs downgraded by Morgan Stanley with a new price target
$CLF
Metal Mining
Basic Materials
Morgan Stanley downgraded Cleveland-Cliffs from Overweight to Equal-Weight and set a new price target of $20.00 from $21.50 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
Cleveland-Cliffs Inc. (NYSE:CLF) today announced a company-wide "Buy American" incentive for its nearly 30,000 employees. During the calendar year 2025, any Cleveland-Cliffs employee who purchases or leases a new American-built vehicle with substantial Cliffs' steel content will receive a $1,000 cash bonus in connection with the purchase. Lourenco Goncalves, Cliffs' Chairman, President and CEO said: "We are pleased to do our part to support President Trump's long-term vision of bringing manufacturing back to the United States. In order to be a global superpower and Make America Great Again, companies need to produce things in America and people need to buy things that are made in America.
Cleveland-Cliffs Inc. (NYSE:CLF) ("Cliffs") announced today that it has appointed Jane M. Cronin to its Board of Directors, effective immediately. Ms. Cronin is Senior Vice President – Finance of The Sherwin-Williams Company, a global manufacturer, developer, distributor and seller of paint, coatings and related products. Since joining Sherwin-Williams in 1989, Ms. Cronin held roles of increasing responsibility with her most recent position as Senior Vice President – Enterprise Finance. She also held the positions of Senior Vice President – Corporate Controller, Vice President-Internal Audit and Loss Prevention and the Vice President-Controller Diversified Brands division. Presently, Ms.
GrafTech International Ltd. (NYSE:EAF) ("GrafTech" or the "Company") announced today that the Company's Board of Directors (the "Board") has appointed Rory O'Donnell to the position of Chief Financial Officer and Senior Vice President of the Company, effective September 3, 2024. Mr. O'Donnell will serve as a member of the Company's executive leadership team and report directly to Chief Executive Officer and President Timothy Flanagan. He will be responsible for overseeing all financial aspects of the Company. "I am pleased to announce Rory's appointment as the Company's Chief Financial Officer and welcome him to GrafTech," said Timothy Flanagan, Chief Executive Officer and President. "Wit
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4 - CLEVELAND-CLIFFS INC. (0000764065) (Issuer)
4 - CLEVELAND-CLIFFS INC. (0000764065) (Issuer)
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Cleveland-Cliffs Inc. (NYSE:CLF) today reported first-quarter results for the period ended March 31, 2025. First-Quarter Consolidated Results First-quarter 2025 consolidated revenues were $4.6 billion, compared to $4.3 billion in the fourth quarter of 2024. For the first quarter of 2025, the Company recorded a GAAP net loss of $483 million, or $1.00 per diluted share, with an adjusted net loss1 of $456 million, or $0.92 per diluted share. This compares to a fourth quarter 2024 GAAP net loss of $434 million, or $0.92 per diluted share, with an adjusted net loss1 of $332 million, or $0.68 per diluted share. For the first quarter of 2025, the Company reported an Adjusted EBITDA2 loss of $1
Cleveland-Cliffs Inc. (NYSE:CLF) will announce its first-quarter 2025 earnings results after the U.S. market close on Wednesday, May 7, 2025. The Company invites interested parties to listen to a live broadcast of a conference call with securities analysts and institutional investors to discuss the results on Thursday, May 8, 2025, at 8:30 am ET. The call can be accessed at www.clevelandcliffs.com and will also be archived and available for replay at that address. About Cleveland-Cliffs Inc. Cleveland-Cliffs is a leading North America-based steel producer with focus on value-added sheet products, particularly for the automotive industry. The Company is vertically integrated from the minin
Cleveland-Cliffs Inc. (NYSE:CLF) today reported full-year and fourth-quarter results for the period ended December 31, 2024. Full-Year Consolidated Results Full-year 2024 consolidated revenues were $19.2 billion, compared to the prior year's consolidated revenues of $22.0 billion. For the full-year 2024, the Company recorded a GAAP net loss of $708 million, or $1.57 per diluted share, with adjusted net loss2 of $351 million, or $0.73 per diluted share. This compares to 2023 net income of $450 million, or $0.78 per diluted share, with adjusted net income2 of $545 million, or $1.07 per diluted share. For the full-year 2024, Adjusted EBITDA1 was $780 million, compared to $1.9 billion in
Cleveland-Cliffs Inc. (NYSE:CLF) today reported first-quarter results for the period ended March 31, 2025. First-Quarter Consolidated Results First-quarter 2025 consolidated revenues were $4.6 billion, compared to $4.3 billion in the fourth quarter of 2024. For the first quarter of 2025, the Company recorded a GAAP net loss of $483 million, or $1.00 per diluted share, with an adjusted net loss1 of $456 million, or $0.92 per diluted share. This compares to a fourth quarter 2024 GAAP net loss of $434 million, or $0.92 per diluted share, with an adjusted net loss1 of $332 million, or $0.68 per diluted share. For the first quarter of 2025, the Company reported an Adjusted EBITDA2 loss of $1
Cleveland-Cliffs Inc. (NYSE:CLF) will announce its first-quarter 2025 earnings results after the U.S. market close on Wednesday, May 7, 2025. The Company invites interested parties to listen to a live broadcast of a conference call with securities analysts and institutional investors to discuss the results on Thursday, May 8, 2025, at 8:30 am ET. The call can be accessed at www.clevelandcliffs.com and will also be archived and available for replay at that address. About Cleveland-Cliffs Inc. Cleveland-Cliffs is a leading North America-based steel producer with focus on value-added sheet products, particularly for the automotive industry. The Company is vertically integrated from the minin
Cleveland-Cliffs Inc. (NYSE:CLF) today announced a company-wide "Buy American" incentive for its nearly 30,000 employees. During the calendar year 2025, any Cleveland-Cliffs employee who purchases or leases a new American-built vehicle with substantial Cliffs' steel content will receive a $1,000 cash bonus in connection with the purchase. Lourenco Goncalves, Cliffs' Chairman, President and CEO said: "We are pleased to do our part to support President Trump's long-term vision of bringing manufacturing back to the United States. In order to be a global superpower and Make America Great Again, companies need to produce things in America and people need to buy things that are made in America.
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