Fly News Breaks for March 10, 2015
AA
Mar 10, 2015 | 07:53 EDT
After Alcoa (AA) announced yesterday that it would acquire RTI International (RTI), Bernstein thinks the deal highlights the company's continued efforts in expanding its downstream value-added materials business. The firm says the deal is consistent with the company's transformation strategy and should significantly increase the company's earnings over the longer term. Bernstein keeps a $22 price target and Outperform rating on Alcoa.
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