Alcoa to split into two as aluminum glut batters legacy business

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Go back to Alcoa to split into two as aluminum glut batters legacy business

UBS Cuts Price Target on Alcoa (AA) Following Board Approved Plan to Separate Business

September 29, 2015 6:56 AM EDT

UBS maintained a Buy rating on Alcoa (NYSE: AA), and cut the price target to $13.00 (from $14.00), after the board approved a plan to separate its upstream and downstream business units into two separate, publicly-traded companies. Revenues for Upstream Co. over the LTM totalled... More