BofA at Cleveland-Cliffs Inc. (CLF) maintains a neutral rating


Cleveland-Cliffs Inc. (NYSE:CLF) is in the middle 10 Best Steel Stocks to Buy Right Now.

BofA at Cleveland-Cliffs Inc. (CLF) maintains a neutral rating
BofA at Cleveland-Cliffs Inc. (CLF) maintains a neutral rating

On February 12, 2026, BofA acquired Cleveland-Cliffs Inc. (NYSE:CLF) cut the price target from $14.50 to $13 while maintaining a neutral rating. The analyst noted a relatively broad balance sheet and said a potential partnership with POSCO could significantly improve the company’s financial and operational outlook.

On February 10, 2026, GLJ Research acquired Cleveland-Cliffs Inc. (NYSE:CLF) cut the price target from $9.52 to $9.42 while maintaining a sell rating. The company adjusted its model after the fourth quarter report to reflect the decline in demand and the company’s results and outlook were disappointing.

On February 9, 2026, Citi acquired Cleveland-Cliffs Inc. (NYSE:CLF) raised its price target to $13 from $11 while maintaining a neutral rating. Analysts said the stock fell 15%-20% as estimates for the first quarter of 2026 showed EBITDA of about $140 million, which was lower than the Bloomberg consensus of $321 million. Citi cited sustainable EBITDA-per-ton and free cash flow concerns.

Cleveland-Cliffs Inc. (NYSE:CLF) is a flat-rolled steel company that supplies iron ore to the North American steel industry. It specializes in metal and coke, iron and steel fabrication, rolling and finishing, and downstream tubular parts, stamping, and tooling.

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Read more: 15 Best Electric Utility Stocks to Invest Now and The 11 Most Volatile Stocks to Buy According to Hedge Funds.

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