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Jan 8, 2026 4:00 PM

What's Going On With The Uptick In Cleveland-Cliffs Stock?

Cleveland-Cliffs Inc (NYSE:CLF) shares are trading higher on Thursday. The company seems to be bouncing back after Wednesday’s sell-off triggered by a KeyBanc Capital Markets downgrade.

What To Know: KeyBanc analyst Philip Gibbs cut his rating on Cleveland-Cliffs from Overweight to Sector Weight, saying the company's biggest catalysts have already played out and that the company is facing slightly higher costs tied to a richer product mix.

Gibbs noted that the stock's current valuation now better reflects upcoming non-core asset sales ...