Bank earnings loom large as stocks near record

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BMO Capital Remains Sidelined on Alcoa (AA) Following 2Q EPS Beat

July 12, 2016 10:47 AM EDT

BMO Capital maintained a Market Perform rating and $9.00 price target on Alcoa (NYSE: AA) following the company's 2Q earnings report. AA reported adjusted EPS of $0.15, ahead of the consensus estimate of $0.09.

Analyst David Gagliano commented, "Versus our estimates, the main driver for the better result was in the upstream primary aluminum segment, in turn from... More