Barclays Upgrades Cleveland-Cliffs and Reliance, Sets Price Targets

Enna Lee

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Barclays Upgrades Cleveland-Cliffs and Reliance, Sets Price Targets

Cleveland-Cliffs received a $15 target and Reliance a $507 target; both stocks rose in Thursday trading.

By Enna Lee

Published Nov 12, 2026, 5:01 PM EST

Steel coils line a mill floor under warm furnace light / TokenPost.ai

Barclays upgraded Cleveland-Cliffs and Reliance on Nov. 12, setting targets of $15 and $507 as shares in both steelmakers moved higher during Thursday trading.

Cleveland-Cliffs' rating shifted from Underweight to Equal Weight, with a $15 target. Reliance's rating moved from Equal Weight to Overweight, alongside a $507 target.

Cleveland-Cliffs shares added 0.7% in Thursday trading, while Reliance gained 1%.

Enna Lee

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Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.