Wells Fargo upgraded Cleveland-Cliffs Inc (CLF) to Equal-Weight from Underweight on November 13, 2025. The stock is currently priced at $10.73. This move underscores a shift in analyst sentiment toward the company’s prospects, reflecting potentially improved fundamentals or business performance.
Cleveland-Cliffs, headquartered in Cleveland, Ohio, is a flat-rolled steel company that provides iron ore pellets to the North American steel industry. The firm employs approximately 30,000 full-time employees and is vertically integrated, covering the entire process from mining to steelmaking and downstream finishing. The company’s offerings include advanced high-strength steel and various steel products.
As of November 1, 2025, the analyst consensus for CLF includes 1 Strong Buy, 6 Buy, 9 Hold, and 3 Sell ratings, with an overall consensus of Hold. Recent earnings performance has shown challenges, with a trailing twelve-month EPS of -3.40. In Q3 2025, the EPS was reported at -0.51, a 5.4% surprise below estimates.
Analyst ratings and price targets serve as professional opinions based on research and financial models. Investment decisions should consider multiple factors, including company fundamentals and industry trends, rather than relying solely on analyst views. Analyst ratings may change over time as new information becomes available, reflecting varying opinions among analysts on the same company.