Alcoa Reports Fourth Quarter 2015 and Full-Year Results
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Alcoa (AA) PT Trimmed to $12 at UBS Post Q4; Keeps 'Buy'
January 12, 2016 9:01 AM ESTUBS analyst Matt Murphy trimmed his price target on Alcoa (NYSE: AA) to $11.00 (from $12.00) following results after the close but maintained a Buy rating. Alumina, Engineered Products & Solutions missed the firm's estimates.
Murphy commented, "AA ATOI of $273M was down 33% QOQ and 10% below UBSe. The miss was largely driven by the Alumina segment. EPS segment ATOI of $123M was also below UBSe and down 19% QOQ. Operating cash... More
