J.P. Morgan Sticks to Their Hold Rating for Cleveland-Cliffs (CLF)

In a report released yesterday, Bill Peterson from J.P. Morgan maintained a Hold rating on Cleveland-Cliffs, with a price target of $13.00.

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Peterson covers the Basic Materials sector, focusing on stocks such as Nucor, Steel Dynamics, and MP Materials. According to TipRanks, Peterson has an average return of 2.8% and a 46.72% success rate on recommended stocks.

Cleveland-Cliffs has an analyst consensus of Hold, with a price target consensus of $12.75.

Based on Cleveland-Cliffs’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.31 billion and a GAAP net loss of $243 million. In comparison, last year the company earned a revenue of $4.33 billion and had a GAAP net loss of $447 million

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CLF in relation to earlier this year. Most recently, in February 2026, Clifford T. Smith, the EVP & COO of CLF sold 200,000.00 shares for a total of $2,092,000.00.