JPMorgan drops Alcoa (AA) to Neutral and removes shares from its focus list. "Although Alcoa has...

|By:, SA News Editor

JPMorgan drops Alcoa (AA) to Neutral and removes shares from its focus list. "Although Alcoa has taken significant costs out of its business by closing high cost operations and through additional procurement and productivity savings, we think it will still struggle to generate attractive returns at our strategist's 2011 aluminum price forecast of 92 cents/pound," firm says. AA -1.4% premarket.