Buy U.S. Steel Stock Because a Supply Shortage Is Colliding With Demand [Yahoo! Finance News]
Cleveland-Cliffs Inc. (CLF)
Last cleveland-cliffs inc. earnings: 2/20 07:00 am
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Source: Yahoo! Finance News
Text sizeCoils of galvanized steel.Maja Hitij/Getty ImagesWhen raw material shortages and economic growth coincide, it’s usually good for commodity producers.That’s the situation Credit Suisse analystCurt Woodworthsteel companiesUnited States SteelCleveland-CliffsWoodworth’s target for Cleveland Cliffs goes to $24 from $21 a share. He raised his target for U.S. Steel stock more dramatically, to $35 a share from $15.Both stocks jumped on Tuesday. U.S. Steel shares closed 7.9% higher at $26.63 on Tuesday even as the S&P 500 and Dow Jones Industrial Average were down for the day. Cliffs stock surged 11.8% to close at $20.36, despite the smaller price target bump.The starting point for both stocks likely explains Tuesday’s reaction. U.S. Steel is upabout 59%It’s a bold call, but things are good for the sector right now. “It has been an extraordinary year for global steel markets, with flat rolled prices reaching record highs across all major regions including North America, Europe, and Ch
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News
- Cleveland-Cliffs Is A Long-Term Growth Strategy [Seeking Alpha]Seeking Alpha
- Cleveland-Cliffs (CLF) Earnings & Revenues Lag Estimates in Q1 [Yahoo! Finance]Yahoo! Finance
- Cleveland-Cliffs Inc. (NYSE: CLF) had its price target lowered by analysts at JPMorgan Chase & Co. from $24.00 to $23.00. They now have an "overweight" rating on the stock.MarketBeat
- Why Cleveland-Cliffs Plunged on Tuesday [Yahoo! Finance]Yahoo! Finance
- Cleveland-Cliffs shares fall after Q1 earnings miss estimates [Seeking Alpha]Seeking Alpha
CLF
Earnings
- 4/22/24 - Miss
CLF
Sec Filings
- 4/22/24 - Form 8-K
- 4/5/24 - Form 8-K
- 4/3/24 - Form 4
- CLF's page on the SEC website