Today Morgan Stanley Reiterates a “Equal-Weight” Rating on Cleveland-Cliffs (NYSE:CLF) and a $7.5 Target Price

April 25, 2018 - By Winifred Garcia

Cleveland-Cliffs Inc. (NYSE:CLF) Logo

Investors sentiment increased to 1 in Q4 2017. Its up 0.99, from 0.01 in 2017Q3. It improved, as 4 investors sold Cleveland-Cliffs Inc. shares while 0 reduced holdings. 3 funds opened positions while 1 raised stakes. 103,571 shares or 26.54% more from 81,846 shares in 2017Q3 were reported.

Quantitative Investment Management Ltd invested 0% of its portfolio in Cleveland-Cliffs Inc. (NYSE:CLF). Kazazian Asset Mgmt invested in 0.1% or 13,161 shares. Mark Asset Mgmt Corp reported 52,210 shares. Vantage Limited Liability Company invested 0% of its portfolio in Cleveland-Cliffs Inc. (NYSE:CLF). Cap Wealth Planning Ltd Llc invested in 22,000 shares or 0.22% of the stock.

Since March 6, 2018, it had 0 buys, and 1 sale for $86,172 activity.

Cleveland-Cliffs (NYSE:CLF) Rating Reaffirmed

Cleveland-Cliffs (NYSE:CLF) just had their share rating of a ‘”Equal-Weight”‘ issued by research analysts at Morgan Stanley, who now has a $7.5 PT on the $2.16 billion market cap company or a 3.31 % upside potential. This key information was released in analysts report on Tuesday, 24 April.

Investors sentiment increased to 1 in Q4 2017. Its up 0.99, from 0.01 in 2017Q3. It improved, as 4 investors sold Cleveland-Cliffs Inc. shares while 0 reduced holdings. 3 funds opened positions while 1 raised stakes. 103,571 shares or 26.54% more from 81,846 shares in 2017Q3 were reported.

Quantitative Investment Management Ltd invested 0% of its portfolio in Cleveland-Cliffs Inc. (NYSE:CLF). Kazazian Asset Mgmt invested in 0.1% or 13,161 shares. Mark Asset Mgmt Corp reported 52,210 shares. Vantage Limited Liability Company invested 0% of its portfolio in Cleveland-Cliffs Inc. (NYSE:CLF). Cap Wealth Planning Ltd Llc invested in 22,000 shares or 0.22% of the stock.

Since March 6, 2018, it had 0 buys, and 1 sale for $86,172 activity.

Cleveland-Cliffs Inc. (NYSE:CLF) Ratings Coverage

Among 8 analysts covering Cliffs Natural (NYSE:CLF), 3 have Buy rating, 1 Sell and 4 Hold. Therefore 38% are positive. Cliffs Natural has $1200 highest and $7.5 lowest target. $9.17’s average target is 26.40% above currents $7.255 stock price. Cliffs Natural had 12 analyst reports since November 17, 2017 according to SRatingsIntel. Jefferies maintained Cleveland-Cliffs Inc. (NYSE:CLF) on Friday, April 20 with “Buy” rating. The company was maintained on Tuesday, April 17 by FBR Capital. On Wednesday, March 14 the stock rating was downgraded by Vertical Group to “Sell”. The rating was upgraded by Vertical Group on Friday, February 23 to “Hold”. The firm has “Hold” rating given on Monday, November 20 by KeyBanc Capital Markets. Cowen & Co maintained the stock with “Hold” rating in Thursday, January 25 report. The company was maintained on Tuesday, April 24 by Morgan Stanley. Credit Suisse upgraded the shares of CLF in report on Wednesday, February 7 to “Buy” rating.

The stock decreased 0.34% or $0.025 during the last trading session, reaching $7.255. About 1.62M shares traded. Cleveland-Cliffs Inc. (NYSE:CLF) has declined 19.01% since April 25, 2017 and is downtrending. It has underperformed by 30.56% the S&P500.

Cleveland-Cliffs Inc., a mining and natural resources company, produces and supplies iron ore. The company has market cap of $2.16 billion. The firm operates four iron ore mines in Michigan and Minnesota; and Koolyanobbing iron ore mining complex located in Western Australia. It has a 5.78 P/E ratio. It sells its products to integrated steel companies and steel producers in the United States and the Asia Pacific.

Cleveland-Cliffs Inc. (NYSE:CLF) Ratings Chart

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