JPMorgan analyst makes rare bullish call on Cliffs, Barron's reports Cliffs Natural Resources (CLF), which has sold off sharply over the last year and had about 20% of its float sold short as of mid-March, was defended in a rare bullish note by JPMorgan analyst Michael Gambardella last week, Barron's reported. Note that in Gambardella's write-up, which was previously reported by The Fly on April 1, the analyst contended that the latest sell-off in Cliffs' shares has been overdone. Shares of Cliffs are up 1.9% in pre-market trading. Reference Link
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".