Morgan Stanley analyst Carlos De Alba maintained a Hold rating on Cleveland-Cliffs (CLF – Research Report) today and set a price target of $24.00. The company's shares closed last Wednesday at $21.88. According to TipRanks.com, Alba is a 5-star analyst with an average return of 34.6% and a 66.3% success rate. Alba covers the Basic Materials sector, focusing on stocks such as Compania de Minas Buenaventura SAA, United States Steel, and Nexa Resources SA. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cleveland-Cliffs with a $33.75 average price target.
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