# Barclays Upgrades Cleveland-Cliffs and Reliance, Sets Price Targets

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/55954
Published: 2026-11-12T22:01:48.000Z
Updated: 2026-11-12T22:01:48.000Z
Section: Investing

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

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%.