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9 pts

Opinion on ClevelandCliffs Inc (CLF) Sector: Basic Materials > Industry: Metal Mining
demand for steel, resulting in higher demand for iron ore.

May 21, 2008 08:32 AM UTC

Armin Stuk

Return	Risk
-33.33%	LOW

Sr. Associate

Profile & Performance

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This pick is about: CLF

Rating:	$97.79 (05/21/08)
Gain/Loss:	-64.35% in 145 days
Target:	$120.00 (+22.71%) in > one year

Cleveland Cliffs has solid fundamentals, rising prices
and increasing demand of its products. Strong
industrial growth in China triggered demand for steel,
resulting in higher demand for iron ore. The
company s portfolio of both established and recent
iron ore and metallurgical coal assets positions it to
capitalize on global industry dynamics in 2008 and
beyond. We believe stronger commodity prices
should significantly boost revenues for CLF. As a
result, we rate the shares a Buy with a target of
$120.00.
by Zacks
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