Stock Rating Upgrade
Recently the Value Trend Rating for Cleveland-Cliffs Inc (NYSE: CLF) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Cleveland-Cliffs Inc (NYSE: CLF) stock closed at $12.87 on 11/8/24 after a decline of -3.5%. Trading volume in this decline was normal. The stock has declined -0.8% during the last week and has been extremely weak relative to the market over the last nine months.
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 C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Cleveland-Cliffs has a very high Appreciation Score of 89 but a very low Power Rating of 0, triggering the Low Neutral Value Trend Rating.
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