10:45 AM EDT, 07/21/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We increase our 12-month target price by $3.50 to $11, as we value CLF at an EV/EBITDA of 7.0x our 2026 EBITDA estimate, a discount to CLF's three-year avg. forward EV/EBITDA of 7.2x given continued industry headwinds (weak auto demand and weak pricing). We widen our 2025 loss per share estimate by $0.72 to $1.76 but raise our 2026 EPS forecast by $0.20 to $0.87. CLF posts Q2 adj. loss per share of $0.50 vs. $0.11, $0.18 above consensus, on in-line sales of $4.9 billion. We forecast continued sequential improvements in the second half of 2025, driven by ongoing cost reduction programs and potential steel price improvements. The December 2025 expiration of an unfavorable slab contract creates margin expansion opportunities. With the potential for lower interest rates in 2026 (which should spur automotive demand) and price support from elevated Section 232 tariffs, we think CLF is poised to post a significant improvement in earnings in 2026.