Sunday, December 15, 2013
Why The Sell Side Is Bullish On Vale And Bearish On Cliffs
Vale (VALE) and Cliffs Natural Resources (CLF) are the two companies most exposed to the iron ore mining industry. Their revenues from iron ore mining account for 54% and 85% of their total revenues respectively.
Even though both companies are highly sensitive to iron ore prices, sell side analysts are bullish on Vale but bearish on Cliffs. Here’s a look at the endogenous and exogenous factors that are leading sell side analysts to think differently about two companies that otherwise seem very similar. Read More : CLF, VALE