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Fly News Breaks for March 10, 2015
AA, RTI
Mar 10, 2015 | 07:26 EDT
RBC Capital believes that Alcoa's (AA) acquisition of RTI International Metals (RTI) is neutral. The firm says that the deal diversifies Alcoa's business and increases its exposure to aerospace, but notes that it is not expected to become accretive until year three and makes a relatively small initial contribution to Aloca's earnings and cash flow. The firm keeps a Sector Perform rating on Aloca.
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