Goldman Sachs Downgrades Cliffs Natural Resources (CLF) to Sell, Sees 29% Downside

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Cliffs Natural (CLF) Slumps as Goldman Gets Tough (GGB) (TX) (MT)

November 20, 2012 7:22 AM EST

Cliffs Natural (NYSE: CLF) is seeing added pressure Tuesday morning, following a downgrade at Goldman Sachs from Neutral to Sell. The firm also slashed its price target from $33 down to $25.

Notably, Cliffs shares have been trading within a $35 to $45 range since the... More