JP Morgan Reiterates Buy, $40 Target on Cliffs Natural, Adds to 'Focus List'

JP Morgan's Michael Gambardella reiterated his Overweight rating and $40 price target on shares of Cliffs Natural Resources (NYSE: CLF ) Monday morning. The analyst also added shares of Cliffs to the firm's "Focus List" following "two recent bearish reports." Gambardella is anticipating some stability in the iron-ore sector will