Cliffs Natural Resources Inc. Reports Fourth-Quarter and Full-Year 2016 Results

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Cliffs Natural Resources (CLF) PT Raised to $11 at FBR Capital on 4Q Beat and 2017 Guidance

February 10, 2017 8:43 AM EST

FBR Capital analyst Lucas Pipes reiterates Market Perform rating and raises price target on Cliffs Natural Resources (NYSE: CLF) to $11 (from $10), noting a strong 2016 fourth quarter beat coupled with strong 2017 guidance from the company.

Pipes comments, "On February 9, Cliffs Natural Resources reported a strong 4Q16 beat... More