By: Benzinga
March 12, 2013 at 14:54 PM EDT
UPDATE: Cowen Securities Maintains Sell on Cliffs Natural Resources on Oversupplied Iron Ore
Cowen Securities analyst Anthony B. Rizzuto published a report on Cliffs Natural Resources (NYSE: CLF ) that maintained its Sell rating and $20 price target. Cowen reported that, “Cliffs yesterday announced its intention to idle pelletizing operations at Wabush and transition to a more cost effective concentrate product beginning in
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