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home / news releases / cleveland cliffs looks solid on the dip


CLF - Cleveland-Cliffs Looks Solid On The Dip

2024-05-28 11:12:40 ET

Summary

  • Cleveland-Cliffs Inc. (CLF) stock sold off by over 26% over the past few weeks following an earnings miss. It's a great buying opportunity, in my view - Read On.
  • The US auto sector is expected to continue recovering, leading to increased demand for steel and a positive financial impact for Cleveland-Cliffs.
  • CLF's balance sheet is solid, with potential for buybacks and undervaluation of the stock by about 65% based on a DCF model.
  • Despite numerous risks, I rate CLF as a "Buy" in the medium term.

Investment Thesis

For further details see:

Cleveland-Cliffs Looks Solid On The Dip
Stock Information

Company Name: Cleveland-Cliffs Inc.
Stock Symbol: CLF
Market: NYSE
Website: clevelandcliffs.com

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