Market Overview

UPDATE: BMO Capital Markets Reiterates Outperform Rating, Lowers PT on Cliffs Natural Resources

Share:

In a report published Friday, BMO Capital Markets reiterated its Outperform rating on Cliffs Natural Resources (NYSE: CLF), but lowered its price target from $60.00 to $50.00.

BMO Capital noted, “There likely remains some investor concern on progress at the Eastern Canadian operations and CLF remains a higher risk iron ore play due to its higher position on the cost curve, but BMO Research expects some stability to emerge in early 2013.”

Cliffs Natural Resources closed on Thursday at $42.69.

Latest Ratings for CLF

DateFirmActionFromTo
Oct 2019MaintainsBuy
Oct 2019MaintainsBuy
Sep 2019DowngradesOverweightNeutral

View More Analyst Ratings for CLF
View the Latest Analyst Ratings

Posted-In: BMO Capital MarketsAnalyst Color Price Target Analyst Ratings

 

Related Articles (CLF)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
ARAVH.C. WainwrightReiterates31.0
QCOMCascendReiterates110.0
KMPHH.C. WainwrightReiterates2.5
HASusquehannaInitiates Coverage On27.0
BFRABenchmarkMaintains18.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

The Young and the Renting

UPDATE: BMO Capital Markets Reiterates Outperform Rating, Lowers PT on CARBO Ceramics