Fly News Breaks for March 9, 2015
CLF
Mar 9, 2015 | 09:10 EDT
Axiom downgraded Cliffs Natural to Sell from Hold and cut its price target for shares to $2 from $9, as the firm expects a near-term collapse in iron prices to be likely. The firm also cites currency devaluation lowering the cost curve for Cliffs' competitors. Cliffs Natural shares are down 2% in pre-market trading to $6.15.
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