Dahlman Rose Lowers Q2 Estimates on Alcoa (AA); Recent LME Aluminum Price Declines
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Rating Summary:
20 Buy, 13 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Dahlman Rose maintains a 'Buy' on Alcoa (NYSE: AA) price target of $14.65.
Analyst, Anthony B. Rizzuto, said, "We are lowering our 2Q12 estimates to reflect recent LME aluminum price declines and believe that consensus estimates still need to come down. While we are encouraged by recent downstream performance, the company's upstream business should continue to weigh on the shares amid depressed LME prices."
Q2 lowered from $0.07/$640M to $0.03/$550M
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 $8.63 yesterday.
Analyst, Anthony B. Rizzuto, said, "We are lowering our 2Q12 estimates to reflect recent LME aluminum price declines and believe that consensus estimates still need to come down. While we are encouraged by recent downstream performance, the company's upstream business should continue to weigh on the shares amid depressed LME prices."
Q2 lowered from $0.07/$640M to $0.03/$550M
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 $8.63 yesterday.
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