Alcoa (AA) Downgraded: Not A Takeover Target

Alcoa (AA) was downgraded to Neutral today by JPMorgan. JP does not believe Alcoa is a takeover target. The firm also believes shareholders are likely to be disappointed with the CEO’s new strategic direction. JP isn’t confident about near-term earnings either.

Alcoa (AA) downgraded from Overweight to NEUTRAL.


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