CLF — Cleveland-Cliffs Inc. Common Stock
Session close: $13.05. Regular-session share volume: 32,126,595. Change from previous close: -6.99%.
Key developments
Canada demanded that Cleveland-Cliffs abandon planned layoffs at Ontario facilities, alleging they violate commitments made during its earlier Stelco acquisition. The government warned of fines or forced divestiture of Canadian operations if the company fails to comply. Cleveland-Cliffs cited market conditions, including U.S. tariffs, as justification; officials rejected that argument, noting its chief executive’s advocacy for those policies.
Canada Threatens Cleveland-Cliffs With Forced Sale of Assets Over Layoff Plans
B. Riley raised its price target and maintained a Buy rating during the session, signaling a more favorable valuation assessment. Separately, prior-session reporting highlighted upward earnings-estimate revisions. These provide positive analyst context, but the supplied coverage does not establish how either development affected trading during the target session.
B. Riley Raises Price Target on Cleveland-Cliffs to $18 From $15 · Earnings Estimates Moving Higher for Cleveland-Cliffs (CLF): Time to Buy?
News sources
Company news Canada Threatens Cleveland-Cliffs With Forced Sale of Assets Over Layoff Plans · Company news B. Riley Securities Maintains Buy on Cleveland-Cliffs, Raises Price Target to $18 · Company news Barclays Maintains Underweight on Cleveland-Cliffs, Raises Price Target to $12 · Company news JP Morgan Maintains Neutral on Cleveland-Cliffs, Raises Price Target to $13 · Company news B. Riley Raises Price Target on Cleveland-Cliffs to $18 From $15 · Company news Canada's PM Carney Says We Will See If Cleveland-Cliffs CEO Is Acting In Good Faith; Carney, Asked Why Canada Is Not Suing Cleveland-Cliffs, Says There Is A Legal Process To Be Followed; Says Company Can Still Respect Its Commitments · Company news Canadian Prime Minister Carney Says Cleveland-Cliffs Must Meets Its Obligations · Company news Earnings Estimates Moving Higher for Cleveland-Cliffs (CLF): Time to Buy?