$19.01, up 4 pct premarket


Analysts at JP Morgan added the iron ore miner to their
focus list and reiterated their $40 price target on the
company's stock, days after Morgan Stanley downgraded the stock
and Credit Suisse slashed its price target.


Shares of company fell more than 14 percent to a four-year
low on March 27 after Morgan Stanley downgraded the stock to
"underweight" from "equal-weight" and Credit Suisse slashed its
price target to $10 from $30, citing a looming iron ore pellet
surplus in the Great Lakes region.