Cleveland-Cliffs (CLF) Shares Soar 1.69% Amid Mixed Analyst Sentiment

Cleveland-Cliffs (CLF) shares rose to their highest level since May 2025 today, with an intraday gain of 1.69%.

Cleveland-Cliffs has recently made significant strides in its operations and market positioning. The company inaugurated a new $150 million Vertical Stainless Bright Anneal Line at their Coshocton Works facility, which operates with a 100% hydrogen atmosphere. This investment is seen as a positive growth initiative, potentially enhancing the company's production capabilities and efficiency.

However, the market has responded with mixed signals. Glj Research downgraded Cleveland-Cliffs from a "strong-buy" to a "strong sell," setting a target price of $3.91. This downgrade could negatively impact investor sentiment, as it suggests a significant decrease in the stock's value. The varied expectations among analysts further complicate the outlook, with a median target price of $17.22 and estimates ranging from $6.00 to $25.00.