BofA Maintains a Neutral Rating on Cleveland-Cliffs Inc. (CLF)

Cleveland-Cliffs Inc. (NYSE:CLF) is among the 10 Best Steel Stocks to Buy Right Now.

On February 12, 2026, BofA lowered Cleveland-Cliffs Inc. (NYSE:CLF)'s price objective to $13 from $14.50 while maintaining a Neutral rating. The analyst noted a relatively stretched balance sheet and said a potential partnership with POSCO could significantly improve the company's financial and operational outlook.

On February 10, 2026, GLJ Research cut Cleveland-Cliffs Inc. (NYSE:CLF)' price target to $9.42 from $9.52 while maintaining a Sell rating. The firm modified its model following the fourth-quarter report to reflect decreased demand and described the company's results and outlook as disappointing.

On February 9, 2026, Citi elevated Cleveland-Cliffs Inc. (NYSE:CLF)' price objective from $11 to $13 while maintaining a Neutral rating.  The analyst stated that the stock plunged 15%-20% as first-quarter 2026 projections showed approximately $140 million in EBITDA, which was lower than the $321 million Bloomberg consensus. Citi cited persistent EBITDA-per-ton and free cash flow concerns.

Cleveland-Cliffs Inc. (NYSE:CLF) is a flat-rolled steel firm that provides iron ore pellets to the North American steel industry. It specializes in the manufacturing of metallic and coke, iron and steelmaking, rolling and finishing, and downstream tubular components, stamping, and tooling.

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