Cleveland-Cliffs: Rare Earths, MOUs, and Wells Fargo's Doubts
Update: 2025-10-21
Description
Cleveland-Cliffs stock skyrocketed on news of potential rare-earth exploration and a major partnership, but Wells Fargo is pumping the brakes, downgrading the stock and warning investors that the hype is premature. Despite better-than-expected EBITDA, revenue misses and a lack of concrete details on new ventures have Wells Fargo forecasting slower growth and advising caution, believing the stock's current valuation is overblown.
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