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November 20, 2012
11:49 EDTCLFCliffs Natural falls to fresh 52-week low, levels to watch
The shares are down over 8% at time of writing, falling to a fresh 52-week low at $31.18 before bouncing back. That level is currently support. Resistance is at $32.25. The shares were downgraded earlier today at Goldman to Sell from Neutral. The firm slashed its price target to $25, down from $33. Goldman cited delays in the Bloom Lake expansion and a reduction in U.S. capacity as the company idles portions of production at two U.S. iron ore operations. Weaker ore demand was also a factor in the downgrade.
News For CLF From The Last 14 Days
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August 21, 2015
10:02 EDTCLFOn The Fly: Analyst Initiation Summary
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08:22 EDTCLFCliffs Natural initiated with a Sell at Axiom
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August 16, 2015
17:54 EDTCLFUnited Steelworkers union prepares for week of strike action
The United Steelworkers union said it is preparing for a "busy week of events" at U.S. Steel (X), ArcelorMittal (MT), and Cliffs Natural (CLF), as the union's steelworkers prepare for various strike actions and rallies from August 19-21. USW notes that contract negotiations with the companies "continue to proceed slowly," though it reassured that the union committee "continues to meet both internally and with management as the process continues." Reference Link

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