Alcoa (AA) Rating Maintained at BofA/Merrill Lynch Following Q2 'Beat'; FY EPS Raised
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Alcoa (AA) Estimates, PT Lifted Sharply at JPMorgan Following Solid Q2
July 9, 2014 8:59 AM EDTJPMorgan analyst Michael Gambardeell reiterated an Overweight rating on Alcoa (NYSE: AA), boosted estimates and his price target to $18.50 (from $15.00) following better-than-expected Q2 results led by primary metals.
Gambardeell commented, "We upgraded AA to OW with a $15 target back on January 21 primarily to... More
Alcoa (AA) PT, Estimates Bumped at Nomura; 'Neutral' Rating Maintained
July 9, 2014 7:42 AM EDTNomura Securities analyst Curt Woodworth bumped his price target on Alcoa (NYSE: AA) to $12.00 (from $8.00) following better-than-expected Q2 results but maintained a Neutral rating.
Woodworth commented, "We view Alcoas continued transformation from a commodity aluminum producer to a high margin downstream... More
Alcoa, Inc. (AA) Tops Q2 EPS by 6c; Widens Global Aluminum Deficit Outlook for FY14
July 8, 2014 4:03 PM EDT(Updated - July 8, 2014 4:06 PM EDT)
Alcoa, Inc. (NYSE: AA) reported Q2 EPS of $0.18, $0.06 better than the analyst estimate of $0.12. Revenue for the quarter came in at $5.8 billion versus the consensus estimate of $5.66 billion.
Highlights:
Engineered Products and Solutions delivers highest after-tax-operating income in history of $204 million; record adjusted EBITDA margin of 23.1 percentGlobal Rolled Products after-tax-operating income up 34 percent sequentiallyUpstream business improves performance for 11th consecutive quarterContinued Growth Across End Markets
Alcoa continues to project 2014... More
