• Cleveland-Cliffs (CLF) is trading 4.3% down at $9.36 today, following a price target reduction by Citigroup.
  • Citigroup maintained a 'Neutral' rating but lowered its price target to $10.00 from $11.00, reflecting a cautious outlook for the steel producer.
  • The decline also reflects broader profit-taking after a recent tariff-driven rally and uncertain sentiment in the steel sector.