Alcoa (AA) drops 1.9% premarket after Deutsche cuts shares to Hold, believing falling aluminum...

|By:, SA News Editor

Alcoa (AA) drops 1.9% premarket after Deutsche cuts shares to Hold, believing falling aluminum prices will badly dent earnings, and the company's high debt load poses a risk. On the flip side, the firm is upgrading Goldcorp (GG) and Freeport-McMoRan (FCX) to Buy (I, II), citing their reduced valuations.