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Goldman Sachs cuts its estimates ahead of Alcoa's (AA) July 9 Q2 earnings announcement, and...
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Thursday, June 21, 2012, 9:09 AM ETGoldman Sachs cuts its estimates ahead of Alcoa's (AA) July 9 Q2 earnings announcement, and nicks its target price on AA shares to $10 from $11. The firm sees continued weak supply and demand fundamentals in aluminum; it lowers its Q2 EPS estimate to $0.07 from $0.17, and cuts Q3, Q4, FY 2013 and FY 2014 numbers.
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