Oil, energy shares rally, boosting stock markets

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UBS Reiterates Buy on Alcoa (AA) Following 1Q Report

April 12, 2016 8:28 AM EDT

UBS maintained a Buy rating and $11.00 price target on Alcoa (NYSE: AA) following the company's 1Q earnings report. UBS reported adjusted EPS of $0.07, above the consensus estimates of $0.02. Revenues of $4.95B were down 6% QOQ and missed consensus of $5.14B.

Analyst Matt Murphy... More