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Cliffs Natural Resources Inc. (CLF) [hlAlert]

down 77.85 %

Cleveland-cliffs Inc. (CLF) upgraded to Outperform with price target $27 by FBR Capital Markets

Posted on: Tuesday,  Mar 24, 2009  8:25 AM ET by FBR Capital Markets

FBR Capital Markets rated Outperform Cliffs Natural Resources Inc. (NYSE: CLF) on 03/24/2009, when the stock price was $16.84.
Since then, Cliffs Natural Resources Inc. has lost 77.85% as of 11/02/2015's recent price of $3.73.
If you would have followed this FBR Capital Markets's recommendation on CLF, you would have lost 77.85% of your investment in 2414 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.

FBR Capital Markets research group uses a highly disciplined analysis focused on intrinsic value, which we developed to critically examine the capital structure of the companies we cover, as well as their competitive positions and the growth opportunities within their industries. We apply this discipline – which helps us assess how effectively a company’s managers deploy the capital entrusted to them – not only in our published research but also when making investing and underwriting judgments.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/24/2009 8:25 AM Buy
16.84 27.00
as of 12/31/2009
1 Week up  72.24 %
1 Month up  85.33 %
3 Months up  152.34 %
1 YTD up  384.91 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/26/2009 8:25 AM Hold
19.49 23.00

(*) Stock Price at the time of the recommendation.
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