Weekly Research Analysts’ Ratings Changes for Cleveland-Cliffs (CLF)

Several brokerages have updated their recommendations and price targets on shares of Cleveland-Cliffs (NYSE: CLF) in the last few weeks:

• 6/22/2026 – Cleveland-Cliffs had its “equal weight” rating reaffirmed by Morgan Stanley. They now have a $12.50 price target on the stock, up from $12.00.
• 6/10/2026 – Cleveland-Cliffs had its price target raised by JPMorgan Chase & Co. from $9.00 to $13.00. They now have a “neutral” rating on the stock.
• 6/9/2026 – Cleveland-Cliffs was upgraded by Glj Research from “sell” to “hold”. They now have a $15.01 price target on the stock, up from $9.03.
• 6/4/2026 – Cleveland-Cliffs had its price target raised by Wells Fargo & Company from $9.00 to $14.00. They now have an “equal weight” rating on the stock.
• 5/21/2026 – Cleveland-Cliffs is now covered by Barclays PLC. They set an “underweight” rating and a $9.00 price target on the stock.
• 5/21/2026 – Cleveland-Cliffs was upgraded by Barclays PLC from “underweight” to “strong sell”.
• 5/1/2026 – Cleveland-Cliffs had its “neutral” rating reaffirmed by The Goldman Sachs Group, Inc.. They now have a $10.00 price target on the stock.
• 4/24/2026 – Cleveland-Cliffs had its “sell (d-)” rating reaffirmed by Weiss Ratings.

Insider Transactions at Cleveland-Cliffs

In related news, EVP Celso L. Goncalves, Jr. sold 214,308 shares of Cleveland-Cliffs stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $13.41, for a total transaction of $2,873,870.28. Following the sale, the executive vice president directly owned 184,542 shares in the company, valued at $2,474,708.22. This trade represents a 53.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.95% of the stock is currently owned by company insiders.

Cleveland-Cliffs Inc is a leading North American producer of iron ore pellets and flat-rolled steel products. Tracing its roots to 1847, the company has evolved from an iron-ore mining concern in the Great Lakes region into a fully integrated steelmaker. Today, Cleveland-Cliffs operates iron ore mining complexes in Michigan and Minnesota as well as steelmaking and finishing facilities across the United States.

The company’s integrated platform begins with direct control of key raw materials, including iron ore and scrap, and extends through every stage of steel production.