CLF — Cleveland-Cliffs Inc. Common Stock
Session close: $13.90. Regular-session share volume: 25,572,777. Change from previous close: +6.51%.
Key developments
Reporting from the prior session highlighted Canadian regulatory risk for Cleveland-Cliffs. Canada demanded that the company abandon planned Ontario layoffs, alleging a breach of commitments tied to its Stelco acquisition, and threatened fines or forced divestiture of its Canadian operations. Cleveland-Cliffs attributed the layoffs to market conditions, including U.S. tariffs; the government rejected that justification, citing the chief executive’s advocacy for those policies.
Canada Threatens Cleveland-Cliffs With Forced Sale of Assets Over Layoff Plans
Separately, B. Riley raised its price target while retaining a Buy rating, signaling a more favorable valuation outlook. Both developments were reported before the target session; the supplied coverage does not establish their effect on trading during that session.
B. Riley Raises Price Target on Cleveland-Cliffs to $18 From $15
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