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Cliffs Natural Resources Inc. Message Board

  • moneynow27 moneynow27 Mar 27, 2013 7:31 AM Flag

    So GS upgrades, and MS downgrades, and it's clobbered?

    I would think that would be neutral, not down almost 10%. Typical Wall Street analyst. Upgrade a stock after it makes a new high, downgrade it after a new low.

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    • friend, get the facts straight. GS raised to a HOLD (not buy). MS and CS cut hard to a sell with pt's of $10 and $14 and Morningstar downgraded the debt. yes, thats why it's clobbered.

      • 1 Reply to ohtaegun
      • The CS analyst has a lot of credibility. He downgraded the to $30 when it was in the $40's last year. His analysis paints a very bleak picture for CLF. I'm dumping my shares, having given up on mgmt. I remember when Cramer had the CEO on Mad Money last year. CLF had just increased the dividend and both were pounding the table on the great prospects for CLF. Later in a conference call, the CEO stated that the dividend would not be cut. The CEO and mgmt. team has zero credibility. It makes me sick

        Sentiment: Sell

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