By: Benzinga
February 13, 2013 at 08:02 AM EST
UPDATE: Citigroup Downgrades Cliffs Natural Resources to Neutral on Iron Ore Pricing Weakness
Citigroup downgraded Cliffs Natural Resources (NYSE: CLF ) from Buy to Hold and lowered the price target from $48.00 to $38.00. Citigroup commented, "We are downgrading CLF to Neutral from Buy following disappointing iron ore pricing guidance across the various regions and cost guidance for Canada. This was compounded by
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