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-0.0011862396204033 -0.00177935943060484 -0.00211150652431784 -0.00237247924080659 0.00296559905100835 0.0023724792408068 0.0035587188612101 -0.00354685646500588
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Cleveland-Cliffs dubbed a Sell by Vertical analyst Johnson [Seeking Alpha]

CLEVELAND-CLIFFS INC (CLF)  More Company Research Source: Seeking Alpha
Last cleveland-cliffs inc earnings: 4/20 08:00 am Check Earnings Report
PDF Cleveland-Cliffs dubbed a Sell by Vertical analyst JohnsonCleveland-Cliffs (CLF+0.2%) shares are little changed despite receiving aSell rating and a sub-$4 price target at Vertical Group, which cites rising risks to U.S. metals and iron ore prices.New Vertical analyst Gordon Johnson anticipates a “sharp correction” in CLF shares over the next 3-4 months as China steel mill margins continue to fall, likely sparking a plunge in iron ore prices.“With the majority of investors focusing on CLF’s coming 2018 guidance (which many expect to be impressive given where U.S. HRC/iron ore prices are today) as well as Trump’s Secton 232 decision, we see the current ‘trouble’ brewing in the world’s most important steel market (i.e., China) as largely flying under the radar,” Johnson writes.Click to subscribe to real-time analytics on CLFNow read:Cleveland-Cliffs: Bullishness Misplaced » [Read more]

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