Friedman Billings Upgrades Alcoa (AA) to Outperform

July 9, 2008 8:36 AM EDT

Friedman Billings upgrades Alcoa (NYSE: AA) from Market Perform to Outperform, saying shares look attractive after yesterday's Q2 financial results. Price target $43.

Alcoa Inc. (Alcoa) is a producer of primary aluminum, fabricated aluminum and alumina, and is active in all aspects of the industry, including technology, mining, refining, smelting, fabricating and recycling.


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