Fintel reports that on January 9, 2026, Morgan Stanley upgraded their outlook for Cleveland-Cliffs (NYSE:CLF) from Equal-Weight to Overweight.
Analyst Price Forecast Suggests 1.46% Downside
As of December 21, 2025, the average one-year price target for Cleveland-Cliffs is $12.57/share. The forecasts range from a low of $5.81 to a high of $17.85. The average price target represents a decrease of 1.46% from its latest reported closing price of $12.76 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Cleveland-Cliffs is 22,905MM, an increase of 23.00%. The projected annual non-GAAP EPS is 1.08.
What is the Fund Sentiment?
There are 885 funds or institutions reporting positions in Cleveland-Cliffs. This is an decrease of 33 owner(s) or 3.59% in the last quarter. Average portfolio weight of all funds dedicated to CLF is 0.14%, an increase of 0.60%. Total shares owned by institutions increased in the last three months by 0.15% to 434,050K shares. 
The put/call ratio of CLF is 0.58, indicating a bullish outlook.
What are Other Shareholders Doing?
Slate Path Capital holds 19,753K shares representing 3.06% ownership of the company. In its prior filing, the firm reported owning 15,716K shares , representing an increase of 20.44%. The firm increased its portfolio allocation in CLF by 81.06% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 15,979K shares representing 2.48% ownership of the company. In its prior filing, the firm reported owning 15,663K shares , representing an increase of 1.98%. The firm decreased its portfolio allocation in CLF by 15.85% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 15,789K shares representing 2.45% ownership of the company. In its prior filing, the firm reported owning 15,783K shares , representing an increase of 0.03%. The firm decreased its portfolio allocation in CLF by 12.81% over the last quarter.
Fairfax Financial Holdings holds 14,899K shares representing 2.31% ownership of the company. No change in the last quarter.
XME - SPDR(R) S&P(R) Metals & Mining ETF holds 12,270K shares representing 1.90% ownership of the company. In its prior filing, the firm reported owning 7,504K shares , representing an increase of 38.84%. The firm increased its portfolio allocation in CLF by 25.05% over the last quarter.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
