Nomura Securities Starts Alcoa (AA) at Neutral

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March 2, 2012 8:32 AM EST
Get Alerts AA Hot Sheet
Price: $43.48 -1.14%

Rating Summary:
    20 Buy, 13 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 18 | New: 50
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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.

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