FBR Capital Reiterates an 'Outperform' on Cliffs Natural Resources (CLF); Analyst Day Preview
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Price: $12.31 +3.45%
Rating Summary:
5 Buy, 16 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
5 Buy, 16 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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FBR Capital reiterates an 'Outperform' on Cliffs Natural Resources (NYSE: CLF), PT $145.
FBR analyst says, "Cliffs Natural Resources is hosting its first analyst day on 6/28/11 in New York City; we expect it to be a positive catalyst, providing first-time access to a broad management team (and post its global realignment). We expect management to outline its strategy, execution, and growth plans. The event will provide updates on the recent CLM acquisition, operational trends, synergies, marketing goals, and internal and external growth optionality. We also expect CLF to provide an update on its coal operations; it is also expected to articulate its strategy of exposure to various commodities, given the increasing inventory of internal growth options (Bloom Lake expansion, Chromite project, and other potential exploration targets)."
For more ratings news on Cliffs Natural Resources click here and for the rating history of Cliffs Natural Resources click here.
Shares of Cliffs Natural Resources closed at $86.53 yesterday.
FBR analyst says, "Cliffs Natural Resources is hosting its first analyst day on 6/28/11 in New York City; we expect it to be a positive catalyst, providing first-time access to a broad management team (and post its global realignment). We expect management to outline its strategy, execution, and growth plans. The event will provide updates on the recent CLM acquisition, operational trends, synergies, marketing goals, and internal and external growth optionality. We also expect CLF to provide an update on its coal operations; it is also expected to articulate its strategy of exposure to various commodities, given the increasing inventory of internal growth options (Bloom Lake expansion, Chromite project, and other potential exploration targets)."
For more ratings news on Cliffs Natural Resources click here and for the rating history of Cliffs Natural Resources click here.
Shares of Cliffs Natural Resources closed at $86.53 yesterday.
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