Goldman Sachs cuts Cliffs Natural Resources (CLF -2.9%) from its Conviction Buy list, noting the...

|By:, SA News Editor

Goldman Sachs cuts Cliffs Natural Resources (CLF -2.9%) from its Conviction Buy list, noting the coal and iron ore producer's shares didn't get the expected boost from iron ore prices post-Lunar New Year. The firm remains bullish on CLF due to its leverage to the strong iron ore market, though it faces near-term pressure on a lagging iron ore price recovery.