Nomura Securities Starts Alcoa (AA) at Neutral
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Price: $36.06 --0%
Rating Summary:
15 Buy, 15 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 8 | New: 8
Rating Summary:
15 Buy, 15 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 8 | New: 8
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Nomura Securities initiates coverage on Alcoa (NYSE: AA) with a Neutral. PT $12.00.
Analyst, Curt Woodworth, said, "AA & the aluminum industry are facing structural challenges that will take time to work through. In the medium term margins should remain well below mid-cycle levels as FX pressures, rising energy and labor costs, and declining volumes mitigate any potential recovery in aluminum prices later in 2012. FY12E/13E revenues $23527m / $27012m; 2012E/2013E EPS $0.00 / $0.60."
For an analyst ratings summary and ratings history on Alcoa click here. For more ratings news on Alcoa click here.
Shares of Alcoa closed at $10.27 yesterday.
Analyst, Curt Woodworth, said, "AA & the aluminum industry are facing structural challenges that will take time to work through. In the medium term margins should remain well below mid-cycle levels as FX pressures, rising energy and labor costs, and declining volumes mitigate any potential recovery in aluminum prices later in 2012. FY12E/13E revenues $23527m / $27012m; 2012E/2013E EPS $0.00 / $0.60."
For an analyst ratings summary and ratings history on Alcoa click here. For more ratings news on Alcoa click here.
Shares of Alcoa closed at $10.27 yesterday.
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