Fly News Breaks for June 6, 2018
Jun 6, 2018 | 06:39 EDT
Citi analyst Daniel Knauff started Cleveland-Cliffs with a Buy rating and $11 price target. The company has "significant logistical, quality and cost advantages" in providing high quality iron units to steel mills in an improved domestic market, Knauff tells investors in a research note. He notes the company is the only major independent supplier of iron ore pellets to the domestic market.
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