• Symbol Lookup



Free Annual Reports From Top Companies Around the Globe: Earnings season is here - Invest like you mean it!

Cliffs Natural Resources (CLF) flat on downgrade

Thursday,06 December,2012

Cliffs Natural Resources Inc (NYSE: CLF) shares took on three cents to $29.56, on word the company is downgraded with a reduced $32 target price (from $45) by RBC Capital because of the firm’s more subdued outlook for coal and iron ore, the loss of growth at Bloom Lake, expectation of further negative guidance revisions at year-end, and a possible dividend cut. Much of the bad news is already priced in, but upside is limited. Share volume was 507,000



copyright 1998 - 2014 BayStreet.ca Media Corp. All rights reserved. Nasdaq Stocks: Information delayed 15 minutes. Non-Nasdaq Stocks: Information delayed 20 minutes.
Bid and Ask quotation information for NYSE and AMEX securities is only available on a real time basis. Data is provided by QuoteMedia.com