-
Posted by
Two Blokes May 11 -
Filed in
Stock
-
6 views
Cleveland-Cliffs stock has underperformed, but I remain optimistic about a recovery driven by automotive resurgence, asset optimization, and the expiration of a detrimental slab contract. Q1 results were disappointing due to low steel prices and a challenging supply agreement, but cost-cutting measures and improved HRC prices could boost future EBITDA. By 2026, the combination of strategic initiatives could uplift annual EBITDA by $1.05-$1.3 billion, with a potential price target of $8.7/share.
