Cliffs Natural upgraded at Bernstein As noted earlier, Bernstein upgraded Cliffs Natural to Market Perform from Underperform. The firm cited the company's additional cost reductions as the reason for the upgrade. Target to $16 from $13.
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".