Cleveland-Cliffs Inc (Symbol: CLF) shares recently traded at $28.69, surpassing the average analyst 12-month target price of $27.62. This shift prompts analysts to either upgrade their price targets or consider downgrading based on valuation and underlying business developments. There are six analyst targets, with a wide range from $19.20 to $37.00, resulting in a standard deviation of $7.586.
Current analyst ratings for CLF indicate 3 strong buy and 3 hold ratings, maintaining an average rating of 2.0, where 1 denotes a strong buy and 5 a strong sell. Notably, there are no buy, sell, or strong sell ratings reported as of now, showing a consensus among analysts on the stock’s performance potential.
