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Wells Fargo Reaffirms Their Hold Rating on Cleveland-Cliffs (CLF)

Tipranks - Tipranks - Thu May 28, 3:08AM CDT

In a report released today, Timna Tanners from Wells Fargo maintained a Hold rating on Cleveland-Cliffs, with a price target of $9.00.

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According to TipRanks, Tanners is a 4-star analyst with an average return of 4.8% and a 55.27% success rate. Tanners covers the Basic Materials sector, focusing on stocks such as Nucor, Steel Dynamics, and Alcoa.

The word on The Street in general, suggests a Hold analyst consensus rating for Cleveland-Cliffs with a $9.92 average price target.

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Based on Cleveland-Cliffs’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.92 billion and a GAAP net loss of $237 million. In comparison, last year the company earned a revenue of $4.63 billion and had a GAAP net loss of $495 million

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