Wells Fargo raised Cleveland-Cliffs' rating to Overweight and increased its price target from $12 to $14, citing expectations that the company's EBITDA in late 2026 and 2027 will exceed current estimates. Steel prices have surged from $900 to $1,300 per ton this year, boosting profit potential. Despite this, only 25% of analysts currently recommend buying CLF shares, though this is improving. The company faces future competition from a new large steel plant in Iowa but remains valued on near-term earnings prospects. Quarterly results are due in 13 days, with cost pressures noted as a concern.
The story on Cleveland-Cliffs and steel price surges is presented here alongside Pluang's market data for context. As of Oct 07, 2026 00:03 WIB, 24 out of 50 major cryptocurrencies on Pluang rose while 25 fell. Notable price changes include ONE at Rp41 with a 2.20% decline and COMP at Rp439.415 down 2.15%.
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