5 Best Infrastructure Stocks According to Reddit

2. Cleveland-Cliffs Inc. (NYSE: CLF)

Number of Hedge Fund Holders: 44  

Cleveland-Cliffs Inc. (NYSE: CLF) is placed second on our list of 10 best infrastructure stocks according to Reddit. The company makes and sells steel products and is headquartered in Ohio. 

On August 11, investment advisory Morgan Stanley initiated coverage of Cleveland-Cliffs Inc. (NYSE: CLF) stock with an Equal Weight rating and a price target of $26, underlining that the stock had outperformed peers and the constructive outlook seemed well priced. 

At the end of the second quarter of 2021, 44 hedge funds in the database of Insider Monkey held stakes worth $1.1 billion in Cleveland-Cliffs Inc. (NYSE: CLF), up from 36 in the preceding quarter worth $968 million.