UBS Cuts Price Target on Alcoa (AA) to $10.50

UBS lowers its price target on Alcoa (NYSE: AA) from $11.50 to $10.50.

The research note follows Alcoa's Q4 earnings which were released yesterday after the close.

Shares of Alcoa fell about 7% ahead of the earnings report yesterday, and traders are tacking on further downside today. The stock most recently traded at $9.57, down 4.8% from yesterday's close. Notably, shares of Alcoa are down more than 21% during the last five trading days.

Alcoa, Inc. engages in the production and management of primary aluminum, fabricated aluminum, and alumina worldwide.

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