Market Overview

UPDATE: Cowen Upgrades Cliffs Natural Resources as Potential Catalysts Take Shape

Related CLF
Cliffs Natural (CLF) Posts Loss in Q2, Revs Miss
Cliffs Natural Resources Inc. Reports YOY Capital Spending Reduced By 77% To $210M

In a report published Thursday, Cowen and Company analyst Anthony B. Rizzuto Jr. upgraded the rating on Cliffs Natural Resources (NYSE: CLF) from Underperform to Market Perform, and raised the price target from $11.00 to $20.00.

In the report, Cowen and Company noted, “We have identified several potential catalysts that could have positive implications for Cliffs Natural Resources. In our view, the most important being the possible structural changes that may be implemented by a new management team. We are upgrading CLF to Market Perform with a $20 price target.”

Cliffs Natural Resources closed on Wednesday at $22.48.

Posted-In: Anthony B. Rizzuto Jr. Cowen and CompanyAnalyst Color Upgrades Analyst Ratings

 

Most Popular

Related Articles (CLF)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters