KeyBanc Upgrades Cleveland-Cliffs (CLF), Citing Automotive Strength

Cleveland-Cliffs Inc. (NYSE:CLF) ranks among the stocks to benefit from an onshoring boom. Following the company’s second-quarter 2025 earnings release, KeyBanc raised Cleveland-Cliffs Inc. (NYSE:CLF) from Sector Weight to Overweight on July 22 and set a $14 price target on the company’s shares. Given Section 232 tariffs and manufacturing onshoring trends, KeyBanc highlighted possible share gains across Cleveland-Cliffs’ higher-margin automotive platform.

KeyBanc Upgrades Cleveland-Cliffs, Citing Automotive Strength

KeyBanc noted that Cleveland-Cliffs Inc. (NYSE:CLF) has a structured procedure for selling non-core assets, such as idled plants, which may help lower the company’s leverage in the upcoming quarters. Although the company’s total debt of $7.7 billion remains substantial, its current ratio of 2.04 shows solid liquidity.

Cleveland-Cliffs Inc. (NYSE:CLF) is the largest producer of flat-rolled steel in North America. The company’s products include advanced high-strength steel, aluminized, galvalume, enameling, hot-rolled, cold-rolled, electrogalvanized, hot-dip galvanized, and galvannealed steel.

While we acknowledge the potential of CLF to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CLF and that has 100x upside potential, check out our report about this cheapest AI stock.

Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds

Disclosure: None.