Cleveland Cliffs (CLF) NewsBite - CLF Price Target Lowered

Posted on Friday, October 10, 2008 1:59 PM
Cleveland Cliffs (NYSE: CLF) opened at $26.17. So far today, the stock has hit a low of $25.38 and a high of $31.75. CLF is now trading at $27.55, down $1.19 (-4.14%). Over the last 52 weeks the stock has ranged from a low of $26.86 to a high of $121.95. CLF shares are declining today after analysts at KeyBanc Capital Markets dropped their price target on the stock to $75 from $125. Technical indicators for the stock are neutral and S&P does not currently have a STARS rating for CLF. If you are looking for a hedged play on CLF the stock seems like it could be a candidate for an October out-of-the-money bear-call credit spread above the 35 range. [ABR-Seven Summits Strategic Investments NewsBite]
Stocks To Watch Today: C, TIF, RTP, JCG, HLTH, PDLI, TIE, CAJ, EXM, ILMN, HOC (Click Symbol For Latest News)

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