Alcoa (AA) PT, Estimates Bumped at Nomura; 'Neutral' Rating Maintained
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Alcoa (AA) Buy Rating Reiterated at Goldman Sachs
July 9, 2014 10:03 AM EDTGoldman Sachs reiterated a Buy rating on Alcoa (NYSE: AA) with a price target of $17. Comments follow Q2 results.
Analyst Sal Tharani said, "We believe the market is not recognizing that a positive feature of Alcoas strategy to grow its downstream business (particularly aerospace) is the resulting transition into a... More
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) Rating Maintained at BofA/Merrill Lynch Following Q2 'Beat'; FY EPS Raised
July 9, 2014 7:33 AM EDTBofA/Merrill Lynch Timna Tanners reiterated a Neutral rating and $16 price target on Alcoa (NYSE: AA) following the company's Q2 'beat' which was driven by higher than normal power sales within Primary Metal.
The firm is raising 2014E EPS to $0.60 from $0.50... 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
