US Steel Falls as Cliffs CEO Hints That US Steel Deal May Not Be Best Outcome
Are Investors Undervaluing Cleveland-Cliffs Inc. (NYSE:CLF) By 36%?
Express News | Cleveland Cliffs CEO Goncalves Says Not Sure if the Best Outcome Is the Combination of Cliffs and US Steel - CNBC Interview
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GLJ Research Upgrades Cleveland-Cliffs(CLF.US) to Buy Rating, Raises Target Price to $14.27
Cleveland-Cliffs Price Target Announced at $14.27/Share by GLJ Research
Cleveland-Cliffs Raised to Buy From Sell by GLJ Research
Cleveland-Cliffs Analyst Ratings
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BofA Securities Maintains Cleveland-Cliffs(CLF.US) With Hold Rating, Announces Target Price $11.5
Cleveland-Cliffs (CLF) Gets a Hold From Bank of America Securities
The major steel companies from the U.S. and Japan have teamed up to sue the Biden administration, accusing it of intervening in the acquisition case.
On Monday, Nippon Steel and United States Steel filed a lawsuit in a U.S. court, accusing President Biden of interfering with their acquisition Trade, and named the president of the United States Steel Union and the CEO of Cleveland-Cliffs as defendants, claiming they conspired to block the Trade, constituting unfair competition. Additionally, Trump also opposed the Trade and stated that raising import steel tariffs would make United States Steel more profitable and valuable, questioning the timing of the sale.
Express News | Cleveland-Cliffs Inc. (CLF): United States Steel and Japan Steel (Nippon Steel) filed a lawsuit against the Biden administration for lacking legal justification in rejecting their merger Trade.
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Jefferies Financial has lowered the Target Price for United States Steel and Nucor.
Gelonghui January 6 | Jefferies Financial has lowered the target price for United States Steel from $45 to $40, adjusted the target price for Nucor from $170 to $125, and has reduced the target price for Cleveland-Cliffs from $18 to $12. (Gelonghui)
Jefferies Maintains Cleveland-Cliffs(CLF.US) With Buy Rating, Cuts Target Price to $12
The CEO of Cleveland-Cliffs (CLF.US) has reportedly expected multiple times that the merger of Japan Steel and U.S. Steel (X.US) will be rejected.
According to a report by Reuters, based on a letter from Japan Steel and United States Steel (X.US) to the U.S. Committee on Foreign Investment, Cleveland-Cliffs (CLF.US) CEO Lourenco Goncalves anticipated at least nine times that President Biden would veto the merger between the two. The report stated that Goncalves indicated at an investor conference held by JPMorgan on March 13 of this year that it was impossible to force United States Steel to accept his acquisition, but he could ensure that the merger he disagreed with would not proceed, and also claimed that Biden would publicly oppose the merger. Biden publicly expressed his opposition to the merger the following day.
Express News | Cleveland-Cliffs Appoints Jane Cronin to the Board of Directors