November 11, 2008
LONDON -- Alcoa (AA) was downgraded to market perform from outperform by Friedman, Billings, Ramsey and the aluminum giant's price target was cut to $10 from $20. The rating change reflects "the combination of production curtailments announced yesterday after the market closed and a lower aluminum price outlook."
Copyright © 2008 MarketWatch, Inc.
Sources :
- Marketwatch Pulse: Alcoa Downgraded By FBR As Price Target Cut In Half
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