Cleveland-Cliffs (NYSE: CLF) saw shares drop over 9% as analyst Philip Gibbs downgraded the stock to sector weight from overweight, citing concerns about fading business-boosting catalysts and higher costs. Despite this, Gibbs sees potential in the company’s cooperation with POSCO and other factors.

While Cleveland-Cliffs is a major steel producer in the U.S., some analysts are not convinced it’s a strong investment. The company’s focus on the U.S. market and lack of global presence could limit its growth potential, despite efforts to boost domestic manufacturing under the Trump administration.

The Motley Fool Stock Advisor team did not include Cleveland-Cliffs in their list of the 10 best stocks for investors to buy now, citing other companies that could generate significant returns in the coming years. The Stock Advisor’s total average return is 971%, outperforming the S&P 500 by a wide margin.

Read more at Yahoo Finance: Why Cleveland-Cliffs Stock Got Rocked on Wednesday