Wells Fargo Initiates Coverage on Cliffs Natural Resources (CLF)

Wells Fargo reported on Wednesday that it has started coverage on Cliffs Natural Resources Inc (CLF).

The firm has initiated coverage on CLF with a “Market Perform” rating and a valuation range of $20-$24. Analysts believe that CLF’s stock price reflects the company’s challenges.

Cliffs Natural Resources shares were mostly flat during Wednesday morning trading. The stock is down 41% YTD.

The Bottom Line

Shares of Cliffs Natural Resources Inc (CLF) have a 2.67% yield based on Wednesday morning’s price of $22.43.

Cliffs Natural Resources Inc (CLF) is not recommended at this time, holding a Dividend.com DARS™ Rating of 2.9 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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