J.P. Morgan Metals king Michael Gambardella is making a major call in Cliffs Natural Resources (NYSE:CLF) this morning upgrading the iron ore miner to Overweight from Neutral with a $40 price target (prev. $35). - Since mid-September 2012, Cliffs’ peer group is up 17% on average while CLF is down 37% despite a 53% rise [...] View the full post at: J.P. Morgan Ups Cliffs Natural Resources (CLF) Price Target Related posts: China’s Leading Steelmaker Agrees To The Biggest Ever Iron Ore Price Increase China Refuses Vale’s Iron Ore Price Increase Morgan Stanley’s Q1 Projected Negative by Recent Bond Price Rebound