Why Cleveland-Cliffs Stock Got Rocked on Wednesday

Key Points The shares took a hit from an analyst's downgrade. That pundit was once a bull, now he considers the steelmaker's equity to be only a hold. 10 stocks we like better than Cleveland-Cliffs › One market professional tracking the fortunes of Cleveland-Cliffs (NYSE: CLF) became notably less enthusiastic about its future on Wednesday. As a result, shares of the storied American steelmaker fell by more than 9% in value during that trading session. Knocked down a peg Analyst Philip Gibbs of K ...