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Alcoa (AA +2.1%) upgraded to Buy from Neutral at Goldman Sachs, with the 6-month price target...

Alcoa (AA +2.1%) upgraded to Buy from Neutral at Goldman Sachs, with the 6-month price target raised to $22 from $17. "We view the structural industry change, driven by the de-linking of alumina from the aluminum price, as a potential major long-term contributor to Alcoa, which is the largest global third-party alumina seller."
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Comments (1)
  • realornot
    , contributor
    Comments (1281) | Send Message
     
    GS may be smelling some sort of take over and raise AA target. Technically it is swinging up too. It has gap filled already and very bullish.
    3 May 2011, 12:34 PM Reply Like
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