Citi's Latest Ratings Update: Upgrades Nucor to Buy, Downgrades Cleveland-Cliffs

Wednesday, 13 March 2024, 14:17
In a recent ratings swap, Citi Analyst Alexander Hacking upgraded Nucor to a buy rating while downgrading Cleveland-Cliffs to neutral. Despite the adjustment, Hacking maintains a positive outlook on the steel sector.
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Citi's Latest Ratings Update: Upgrades Nucor to Buy, Downgrades Cleveland-Cliffs

Article Summary:

Analyst Alexander Hacking from Citi recently announced a ratings swap in the steel industry. Citi upgraded Nucor to buy while downgrading Cleveland-Cliffs to neutral. The decision reflects a shift in confidence in these two steelmakers.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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