ANALYST-DOWNGRADE ·Filed Jun 22, 2026
Morgan Stanley double downgrade: Overweight → Equal-Weight
Final — all horizons settled through T+60d
CLF ▼ -0.84% at T+60d
SHORT call ✓ call won +0.84% · α vs SPY +2.59% · entry $11.89 → $11.79
T+1d
-6.14%
call +6.14% · α +4.69%
$11.16
settled 3mo ago
T+5d
-16.32%
call +16.32% · α +14.25%
$9.95
settled 3mo ago
T+20d
-21.95%
call +21.95% · α +21.80%
$9.28
settled 2mo ago
T+60d
-0.84%
call +0.84% · α +2.59%
$11.79
settled 16d ago
Price Chart
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Executive Summary
Morgan Stanley double downgrade: Overweight → Equal-Weight
Impact Score
Base Score
3/7
LLM Adjustment
+0
Final Score
3/10
Consensus & Targets
Buy / Strong Buy
2 (9%)
Hold
13
Sell / Strong Sell
8
Total Analysts
10
Mean PT
$11.70
Median PT
$11.50
High PT
$15.00
Low PT
$8.00
Current Price
$11.97
Implied Upside
-2.2%
Recent Analyst Activity
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| 2026-06-22 | Morgan Stanley | downgrade | Equal-Weight | $12.50 |
| 2026-06-10 | JP Morgan | maintain | Neutral | $13.00 |
| 2026-06-09 | GLJ Research | upgrade | Hold | $15.01 |
| 2026-06-04 | Wells Fargo | maintain | Equal-Weight | $14.00 |
| 2026-05-22 | Barclays | initiate | Underweight | $9.00 |
| 2026-04-21 | Morgan Stanley | maintain | Overweight | $12.00 |
| 2026-04-14 | JP Morgan | maintain | Neutral | $10.00 |
| 2026-03-19 | Wells Fargo | maintain | Equal-Weight | — |
| 2026-03-16 | GLJ Research | reiterate | Sell | — |
| 2026-02-10 | Citigroup | maintain | Neutral | $13.00 |
Firm Track Record — Morgan Stanley
Morgan Stanley accuracy: 55% on 4993 calls | avg return: 4.3%
Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 11 firms with ≥5 scored calls.
| Firm | Accuracy | Calls | Avg Return | vs Average |
|---|---|---|---|---|
| Keybanc | 100% | 3/3 | 12.5% | top tier |
| Citigroup | 100% | 4/4 | 15.6% | top tier |
| B of A Securities | 67% | 2/3 | 0.5% | top tier |
| Wells Fargo | 50% | 2/4 | 3.7% | below average |
| JP Morgan | 50% | 2/4 | -7% | below average |
| Goldman Sachs | 40% | 2/5 | -0.7% | below average |
| B. Riley Securities | 33% | 1/3 | 7.6% | below average |
| Morgan Stanley | 33% | 3/9 | 1.4% | below average |
| GLJ Research | 29% | 2/7 | -8.1% | below average |
| Jefferies | 0% | 0/2 | 26.1% | below average |
Earnings Estimates
| Period | EPS Est. | EPS Range | Revenue | Revisions (7d) |
|---|---|---|---|---|
| 0q | $-0.18 | $-0.21 — $-0.14 | $5.2B | ↑0 ↓0 |
| +1q | $0.18 | $0.06 — $0.28 | $5.5B | ↑1 ↓0 |
| +1y | $0.50 | $0.30 — $0.59 | $21.4B | ↑1 ↓0 |
| 0y | $-0.36 | $-0.58 — $-0.21 | $20.8B | ↑1 ↓0 |
Cross-Platform Signals
Insider Trades (90d)
0 buys / 1 sells
Institutional
STATE STREET CORP — add (34.3%)
Institutional
FMR LLC — trim (-42.2%)
Institutional
BANK OF AMERICA CORP /DE/ — trim (-33.7%)
Short Interest
Short: 2,797,665 | Exempt: 14,810 | TRF Vol: 5,063,409 | Short Ratio: 55.3% | Off-exchange volume (dark pool + OTC)
Investment Themes
Materials & Mining
Documents Analyzed
Report based on filing metadata.
8 reports for CLF
67% Hit rate best @ T+1▲ +6.17%
Filters
Rows
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 24, 2026 10w ago | ANALYST-UPGRADE | $11.93 $11.27 | ▼ −5.53% | ▼ −9.16% | $11.32 (−5.11%) |
Jul 23, 2026 10w ago | 8-K | $10.96 $10.74 | ▼ −2.01% | ▼ −5.32% | $11.32 (+3.28%) |
Jun 22, 2026 14w ago | ANALYST-DOWNGRADE | $11.89 $9.28 | ▲ +21.95% | ▲ +21.80% | $11.32 (+4.79%) |
Jun 12, 2026 16w ago | Institutional Cluster | $13.78 $9.40 | ▼ −31.79% | ▼ −33.56% | $11.32 (−17.85%) |
Jun 11, 2026 16w ago | Institutional Cluster | $13.71 $9.40 | ▼ −31.44% | ▼ −33.33% | $11.32 (−17.43%) |
Jun 9, 2026 16w ago | ANALYST-UPGRADE | $12.72 $9.54 | ▼ −25.00% | ▼ −26.45% | $11.32 (−11.01%) |
May 22, 2026 19w ago | ANALYST-UPGRADE | $11.23 $11.34 | ▼ −0.94% | ▼ −2.35% | $11.32 (−0.80%) |
Apr 20, 2026 23w ago | 8-K | $9.73 $10.66 | ▼ −9.56% | ▼ −5.36% | $11.32 (−16.34%) |
Showing 8 of 8
US Market Status
Market Closed — Opens Mon (64h 39m)
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