Morgan Stanley downgraded its rating on shares of Cliffs Natural Resources (CLF) Wednesday morning to "Underweight" from "Equal weight."
Cliffs Natural Resources gapped open sharply lower Wednesday, but was range-bound throughout the session. The stock closed down by 2.97 at $18.46 on the highest volume of the year and set a new low for the year.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.