Cliffs Natural Resources Upgraded to Buy at Deutsche Bank (CLF)
Cliffs Natural Resources (NYSE:CLF) was upgraded by research analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $27.00 price target on the stock, up from their previous price target of $22.00. Deutsche Bank’s target price would suggest a potential upside of 17.29% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Brean Capital initiated coverage on shares of Cliffs Natural Resources in a research note to investors on Monday. They set a “hold” rating and a $22.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Cliffs Natural Resources from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, January 6th. They now have a $30.00 price target on the stock. Finally, analysts at Clarkson Capital initiated coverage on shares of Cliffs Natural Resources in a research note to investors on Wednesday, December 18th. They set a “market perform” rating on the stock. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $25.95.
Shares of Cliffs Natural Resources (NYSE:CLF) traded up 0.35% on Tuesday, hitting $23.02. 6,958,652 shares of the company’s stock traded hands. Cliffs Natural Resources has a 52 week low of $15.41 and a 52 week high of $38.55. The stock has a 50-day moving average of $24.50 and a 200-day moving average of $22.71. The company’s market cap is $3.525 billion.
Cliffs Natural Resources Inc is an international mining and natural resources company. The Company is an iron ore producer and a producer of metallurgical coal.
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