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-0.000144300144300192 0 0.00432900432900424 0.000721500721500706 -0.00505050505050507 -0.00649350649350648 -0.0137085137085138 -0.0187590187590187
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Cleveland-Cliffs gets two-notch upgrade from Credit Suisse [Seeking Alpha]

CLEVELAND-CLIFFS INC (CLF)  More Company Research Source: Seeking Alpha
Last cleveland-cliffs inc earnings: 1/25 08:00 am Check Earnings Report
PDF Cleveland-Cliffs gets two-notch upgrade from Credit SuisseCleveland-Cliffs (CLF+2.5%) is higher after Credit Suisse issues adouble upgrade to Outperform from Underperform with a $9 price target, up from $5, expecting hot-rolled coil steel prices to remain strong in 2018.The firm views sees strong accretion from the HBI project with the move away from less profitable pellet contracts towards high margin DR pellet based HBI.On CLF's Q4 earnings conference call, CEO Lourenco Goncalves noted the positive prospects of HBI, saying "The ability for Cliffs to produce DR-grade pellets is what makes our venture in HBI so value-accretive."See all stocks on the move »Now read:Cleveland-Cliffs: The Only Way To Trade This Stock » [Read more]

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