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Analysts Conflicted on These Materials Names: Cleveland-Cliffs (CLF) and Steel Dynamics (STLD)

Tipranks - Tipranks - Wed Apr 22, 7:54AM CDT

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Cleveland-Cliffs (CLF) and Steel Dynamics (STLD).

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Cleveland-Cliffs (CLF)

Goldman Sachs analyst Nick Cash maintained a Hold rating on Cleveland-Cliffs yesterday and set a price target of $9.00. The company’s shares closed last Monday at $9.73, close to its 52-week low of $8.48.

According to TipRanks.com, Cash is ranked #7267 out of 12209 analysts.

Currently, the analyst consensus on Cleveland-Cliffs is a Hold with an average price target of $10.49, implying a 17.3% upside from current levels. In a report released yesterday, TipRanks – PerPlexity also upgraded the stock to Hold with a $10.50 price target.

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Steel Dynamics (STLD)

In a report released today, Chris LaFemina from Jefferies reiterated a Buy rating on Steel Dynamics, with a price target of $220.00. The company’s shares closed last Monday at $209.35.

According to TipRanks.com, LaFemina is a 5-star analyst with an average return of 15.4% and a 56.5% success rate. LaFemina covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Rio Tinto Limited, and Freeport-McMoRan. ;'>

Currently, the analyst consensus on Steel Dynamics is a Moderate Buy with an average price target of $201.17, implying a 0.1% upside from current levels. In a report issued on April 10, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $208.00 price target.

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