Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Cleveland-Cliffs Inc (NYSE: CLF) weakened in the last week. CLF’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Cleveland-Cliffs Inc (NYSE: CLF) stock enjoyed a large increase of 2.0% on 10/18/24. The stock closed at $13.94. However, trading volume in this advance was below average at 78% of normal. The stock has been extremely weak relative to the market over the last nine months but has risen 9.8% during the last week.
Current PriceTarget Research Rating
CLF is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Cleveland-Cliffs has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Cleveland-Cliffs has a very high Appreciation Score of 86 but a very low Power Rating of 0, and the Negative Value Trend Rating results.
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