Investors should take profits on Alcoa (AA -4.1%) before aluminum prices tank, Nomura advises in...

|By:, SA News Editor

Investors should take profits on Alcoa (AA -4.1%) before aluminum prices tank, Nomura advises in lowering its target price on the shares to $9 from $12 "to reflect more conservative forward multiples given continued weakness in aluminum prices and deepening structural challenges as China continues to overproduce and subsidize its domestic industry." (earnings)