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AA

Alcoa

$27.91

-3.6 (-11.42%)

08:18
10/12/16
10/12
08:18
10/12/16
08:18

Alcoa downgraded to Neutral on aerospace issues at BofA/Merrill

As previously reported, BofA/Merrill downgraded Alcoa to Neutral from Buy and lowered its price target to $30 from $33. Analyst Timna Tanners believes Alcoa's aerospace-focused downstream segment will continue to struggle with execution issues and delays over the next several quarters. The analyst cut our estimates to reflect a weaker aerospace view and sees risk to Alcoa's guidance and continued margin pressures.

AA Alcoa
$27.91

-3.6 (-11.42%)

05/23/16
05/23/16
UPGRADE
Target $11

Buy
Alcoa upgraded to Buy from Neutral at BofA/Merrill
As previously reported, BofA/Merrill upgraded Alcoa to Buy from Neutral and raised its price target to $11 from $10.50. Analyst Timna Tanners said aluminum and alumina has become a lesser portion of Alcoa's earnings yet shares have become increasingly correlated to aluminum pricing while aerospace exposure now leaves it with an estimated 75% of its earnings levered to the segment. Tanners is confident in an upswing in aero-heavy downstream results and sees engine deliveries up 10% in 2016 and 18% in 2017. The analyst views the recent pullback in Alcoa shares as a buying opportunity given reduced commodity exposure and increased aero contribution.
09/09/16
GHSC
09/09/16
INITIATION
Target $11
GHSC
Neutral
Alcoa initiated with a Neutral at Seaport Global
Seaport Global analyst Josh Sullivan initiated Alcoa with a Neutral and $11 price target.
09/09/16
09/09/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. American Express (AXP) initiated with an Underweight at Atlantic Equities. 2. Alcoa (AA) initiated with a Neutral at Seaport Global. 3. Blue Buffalo Pet Products (BUFF) initiated with an Outperform at Oppenheimer. 4. Harley-Davidson (HOG) initiated with an Outperform at Bernstein. 5. Verifone (PAY) initiated with a Buy at BTIG. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/11/16
BOFA
10/11/16
DOWNGRADE
BOFA
Neutral
Alcoa downgraded to Neutral from Buy at BofA/Merrill

TODAY'S FREE FLY STORIES

TJX

TJX

$76.24

-0.95 (-1.23%)

, SO

Southern Company

$48.28

0.48 (1.00%)

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Earnings
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TJX

TJX

$76.24

-0.95 (-1.23%)

SO

Southern Company

$48.28

0.48 (1.00%)

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DISH

$62.82

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HST

Host Hotels

$18.69

0.3 (1.63%)

NCLH

Norwegian Cruise Line

$48.20

0.51 (1.07%)

MBLY

Mobileye

$46.12

0.47 (1.03%)

GRMN

Garmin

$50.45

-0.36 (-0.71%)

TOL

Toll Brothers

$31.99

0.5 (1.59%)

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MNTA

Momenta

20:19
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MNTA

Momenta

$16.05

-2.95 (-15.53%)

20:19
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  • 21

    Feb

SNAP

Snap Inc

20:00
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    Mar

BA

Boeing

$175.56

2.85 (1.65%)

19:55
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Boeing attempts to accelerate satellite manufacturing process, WSJ says »

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  • 22

    Feb

DBOEY

Deutsche Boerse

$8.64

0.065 (0.76%)

19:50
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Deutsche Boerse, LSE set to offer additional merger concessions, FT says »

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FB

Facebook

$133.72

0.19 (0.14%)

19:35
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Facebook nears deal to expand European headquarters, Bloomberg says »

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GOOG

Alphabet

$831.66

3.59 (0.43%)

, GOOGL

Alphabet Class A

$849.27

2.72 (0.32%)

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Google to discontinue 'Google Site Search,' Fortune says »

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GOOG

Alphabet

$831.66

3.59 (0.43%)

GOOGL

Alphabet Class A

$849.27

2.72 (0.32%)

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WMT

Wal-Mart

$71.45

2.08 (3.00%)

19:20
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Wal-Mart adds some in-house brands to Jet.com, Bloomberg says »

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AAPL

Apple

$136.70

0.98 (0.72%)

19:13
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  • 13

    Mar

AMZN

Amazon.com

$856.44

11.37 (1.35%)

19:05
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Amazon to sell beer, wine in 'Amazon Go' store, Recode says »

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ARII

American Railcar

$46.03

-0.62 (-1.33%)

, IEP

Icahn Enterprises

$54.95

-1.03 (-1.84%)

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ARII

American Railcar

$46.03

-0.62 (-1.33%)

IEP

Icahn Enterprises

$54.95

-1.03 (-1.84%)

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  • 01

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FB

Facebook

$133.72

0.19 (0.14%)

, TWTR

Twitter

$16.42

-0.2 (-1.20%)

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FB

Facebook

$133.72

0.19 (0.14%)

TWTR

Twitter

$16.42

-0.2 (-1.20%)

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TX

Ternium

$23.69

0.13 (0.55%)

, TYEKF

ThyssenKrupp

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TX

Ternium

$23.69

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NTB

Butterfield

$32.93

-0.08 (-0.24%)

, CG

Carlyle Group

$16.20

0.15 (0.93%)

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NTB

Butterfield

$32.93

-0.08 (-0.24%)

CG

Carlyle Group

$16.20

0.15 (0.93%)

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  • 22

    Mar

CPRT

Copart

$60.30

1.29 (2.19%)

18:09
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  • 22

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DAL

Delta Air Lines

$51.21

-0.02 (-0.04%)

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GSS

Golden Star Resources

$0.99

0.0232 (2.40%)

18:04
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  • 22

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GSS

Golden Star Resources

$0.99

0.0232 (2.40%)

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  • 22

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CY

Cypress Semiconductor

$13.12

0.22 (1.71%)

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  • 27

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XPO

XPO Logistics

$48.38

-0.84 (-1.71%)

, DEPO

Depomed

$15.77

-0.7 (-4.25%)

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$48.38

-0.84 (-1.71%)

DEPO

Depomed

$15.77

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WMGI

Wright Medical

$26.86

-0.1 (-0.37%)

HCLP

Hi-Crush Partners

$21.40

0.1 (0.47%)

RRGB

Red Robin

$47.50

-0.3 (-0.63%)

FSLR

First Solar

$36.62

1.78 (5.11%)

LNTH

Lantheus

$9.35

-0.1 (-1.06%)

GE

General Electric

$30.52

0.15 (0.49%)

TRCO

Tribune Media

$33.70

0.73 (2.21%)

SREV

ServiceSource

$6.05

0.22 (3.77%)

FUEL

Rocket Fuel

$2.55

0.08 (3.24%)

TXRH

Texas Roadhouse

$47.79

-0.45 (-0.93%)

WLL

Whiting Petroleum

$11.57

0.46 (4.14%)

TEX

Terex

$32.13

0.13 (0.41%)

PZZA

Papa John's

$85.63

-0.38 (-0.44%)

FE

FirstEnergy

$31.33

0.32 (1.03%)

PKD

Parker Drilling

GBT

Global Blood Therapeutics

$28.50

1.6 (5.95%)

CUZ

Cousins Properties

$8.66

0.01 (0.12%)

YUM

Yum! Brands

$67.67

-0.73 (-1.07%)

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    Feb

GLA

GlassBridge

, IMN

Imation

$0.77

-0.0091 (-1.17%)

17:41
02/21/17
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17:41
Hot Stocks
GlassBridge implements name change, reverse stock split »

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GLA

GlassBridge

IMN

Imation

$0.77

-0.0091 (-1.17%)

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HVT

Haverty Furniture

$22.95

0.4 (1.77%)

17:37
02/21/17
02/21
17:37
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17:37
Earnings
Haverty Furniture reports Q4 EPS 51c, consensus 43c »

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  • 22

    Feb

CUZ

Cousins Properties

$8.66

0.01 (0.12%)

17:36
02/21/17
02/21
17:36
02/21/17
17:36
Syndicate
Breaking Syndicate news story on Cousins Properties »

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  • 01

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CUZ

Cousins Properties

$8.66

0.01 (0.12%)

17:36
02/21/17
02/21
17:36
02/21/17
17:36
Syndicate
Cousins announces offering of 25M shares of common stock »

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