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News Breaks | | | | January 10, 2013 | | 07:34 EDT |  | AA | Alcoa downgraded to Underperform from Neutral at Macquarie
Macquarie downgraded Alcoa based on lower aluminum price forecasts and valuation. Price target lowered to $6 from $9. | |
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News For AA From The Last 14 Days Check below for free stories on AA the last two weeks. |
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| May 16, 2013 | | 11:18 EDT |  | AA | Alcoa postponing construction of new potline at its Baie-Comeau smelter
 Subscribe for More Information | | | May 10, 2013 | | 07:41 EDT |  | AA | Alcoa price target lowered to $6 from $8 at CLSA
Subscribe for More Information | | | May 6, 2013 | | 10:49 EDT | | AA | Cliffs Natural rallies after analyst raises stock to Outperform
Mining company Cliffs Natural (CLF) is climbing after FBR Capital analyst Mitesh Thakkar upgraded the stock to Outperform from Market Perform in a note to investors earlier today. WHAT'S NEW: After meeting with Cliffs' management, Thakkar is more convinced that the company can use various methods to offset declines in iron ore prices. Specifically, Cliffs Natural can reduce its spending on various initiatives, and sell assets to raise cash if necessary, the analyst contended. In addition, there are signs that China's iron ore imports could increase, while Cliffs' stock has slumped 49% this year, making its valuation attractive, the analyst wrote. Thakkar kept a $28 price target on the shares. TODAY'S PRICE ACTION: In mid-morning trading, Cliffs gained 85c, or 4.3%, to $20.75. OTHERS TO WATCH: Other metal producers rose slightly, with Alcoa (AA) adding 0.75% to $8.70, BHP Billiton (BHP) gaining 0.4% to $67.80, and Freeport McMoRan (FCX) gaining 0.75% to $31.40. | |
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