InvestorsHub Logo
Followers 59
Posts 2197
Boards Moderated 4
Alias Born 04/28/2019

Re: None

Thursday, 10/01/2020 12:11:13 PM

Thursday, October 01, 2020 12:11:13 PM

Post# of 8703


$CLF | #ClevelandCliffs - Bullish Post Acquisition


Potential long entry and trade up to the $7.00 level
Company looks undervalued and may be a benefactor of post election infrastructure spending
Upgrade details
Citi analyst Alexander Hacking views Cleveland-Cliffs' proposed acquisition of ArcelorMittal USA as positive for the company and the industry. Consolidation amongst U.S. integrated mills is "helpful and may help smooth the absorption" of new electric-arc furnace capacity, Hacking tells investors in a research note. Further, the deal secures a future for almost all Cleveland-Cliffs' pellets, "closing out what was a major structural risk before the AKS deal," says the analyst. Hacking keeps a Neutral rating on Cleveland-Cliffs shares.




Official InvestorsHub (IHUB) Profile for #TFMG | #theFinancialMarketingGroup:

#BullishCharts - https://investorshub.advfn.com/BullishChartscom-38003/

#TopMarketGainers - https://investorshub.advfn.com/Chart-Analysis-TopMarketGainerscom-36847/

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent CLF News