Why Cleveland-Cliffs Stock Got Rocked on Wednesday
Source: Motley Fool
2026-01-07 19:18:02 ET
One market professional tracking the fortunes of Cleveland-Cliffs (NYSE: CLF) became notably less enthusiastic about its future on Wednesday. As a result, shares of the storied American steelmaker fell by more than 9% in value during that trading session.
Analyst Philip Gibbs of KeyBanc set the tone for Cleveland-Cliffs stock well before market open, when he downgraded it to sector weight (read: hold) from his preceding overweight (buy). The pundit noted that the company had surpassed his $13 per share price target.
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Cleveland-Cliffs Inc.
NASDAQ: CLF
CLF Trading
-4.76% G/L:
$8.695 Last:
6,611,383 Volume:
$8.90 Open:
CLF Latest News
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CLF Stock Data
$7,098,509,760
560,351,626
1.02%
252
N/A
Steel
Materials
US
Cleveland
