Cliffs Natural Resources Inc. (CLF) downgraded to Neutral by Citigroup
Citigroup rated Neutral Cliffs Natural Resources Inc. (NYSE: CLF) on 02/13/2013. Previously Citigroup rated Buy Cliffs Natural Resources Inc. (NYSE: CLF) on
01/15/2009., when the stock price was $21.70. Since then, Cliffs Natural Resources Inc. has gained 42.81% as of 02/13/2013's recent price of $30.99. If you would have followed the previous Citigroup's recommendation on CLF, you would have gained 42.81% of your investment in 1490 days.
Cleveland-Cliffs Inc, headquartered in Cleveland, Ohio, is an international mining company, the largest producer of iron ore pellets in North America and a major supplier of metallurgical coal to the global steelmaking industry. The Company operates six iron ore mines in Michigan, Minnesota and Eastern Canada, and three coking coal mines in West Virginia and Alabama.
Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.