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0.000437541019470644 -0.000437541019470488 0.00415663968497057 0.0107197549770291 0.0264712316779698 0.0213126230584118 0.0161890177204113 0.0238503609713411
Stock impact report

Cleveland-Cliffs Target Higher; GLJ Sees Steel Prices Lifting Valuation [Yahoo! Finance News]

Cleveland-Cliffs Inc. (CLF) 
Last cleveland-cliffs inc. earnings: 2/20 07:00 am Check Earnings Report
Cleveland-Cliffs(CLFGet ReportShares of the Cleveland company have wavered on Thursday. At last check the stock was off 1.7% at $22.82. It had traded up as much as 6.7% at a 52-week high $24.77.Stocks Rise to Record Highs as Wall Street Shakes Off Hot InflationAnalyst Gordon Johnson, who raised his price target to $28.35 from $22.09, said in a research note that at current prices for US HRC, referring to the Hardness Rockwell C scale, "we could see strong upside potential to CLF's valuation." Those prices appear sustainable, he said.Spot-market steel prices have climbed more than 60% this year to more than $1,600 a ton, The Wall Street Journal reported, citing data from S&P Global Platts.Johnson, who keeps a buy rating on the shares, said that "the market is still very clearly tight, with market participants quoted as saying buyers still cannot find a mill willing to accept a spot order."Johnson said he saw a scenario where record prices are sustained through 2021 into 2022.Why Jim Cr Show less Read more
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