Cliffs Natural downgraded to Sell from Hold at Dahlman Rose Dahlman Rose believes iron ore prices are at a cyclical peak and that Cliffs Natural is at risk from a quick reversal. The firm initiated a $20 price target on Cliffs Natural and views shares as expensive.
Cliffs Natural finalizes energy agreement with We Energies in U.P. of Michigan Cliffs Natural (CLF) has finalized an interim power agreement with Wisconsin Energy's (WEC) utility energy segment We Energies for its Michigan operations. The company stated that this is "one key step in a series of contemplated short and long-term agreements that are essential to the viability of its iron ore mines in the Upper Peninsula".