March 27, 2013 at 11:36 AM EDT
Cliffs Natural Resources (CLF) dips on downgrade
Cliffs Natural Resources Inc. (NYSE: CLF) shares fell 12.7% to $18.71. The producer of iron ore, a target of takeover talk last week online, was downgraded to an underweight rating by Morgan Stanley on Wednesday. Share volume was 2.3 million, swamping an all-day average of 1.4 million
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