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AA

Alcoa

$28.97

-0.76 (-2.56%)

, ARNC

Arconic

$19.28

-0.39 (-1.98%)

07:23
12/01/16
12/01
07:23
12/01/16
07:23

Alcoa initiated with a Sell at Deutsche Bank

Deutsche Bank analyst Jorge Beristain initiated Alcoa (AA) with a Sell rating and $26 price target, following its spin-off from Arconic (ARNC), as he believes the roughly 30% run-up in the stock in the month since the break-up has moved its price to a level that more-than-fully reflects the value from Alumina Ltd. He also sees the company's complex structure and Arconic's pending 19.9% stake sales as added headwinds.

AA

Alcoa

$28.97

-0.76 (-2.56%)

ARNC

Arconic

$19.28

-0.39 (-1.98%)

AA Alcoa
$28.97

-0.76 (-2.56%)

11/07/16
SBSH
11/07/16
INITIATION
Target $30
SBSH
Buy
Alcoa initiated with a Buy at Citi
Citi analyst Alexander Hacking started Alcoa with a Buy rating and $30 price target. The analyst views the risk/reward as attractive. He believes the stock offers "relatively limited downside" in a bear market for aluminum with "very significant upside" in a bull market.
11/07/16
COWN
11/07/16
INITIATION
Target $29
COWN
Market Perform
Alcoa initiated with a Market Perform at Cowen
Cowen analyst Anthony Rizzuto started Alcoa with a Market Perform rating and $29 price target. The analyst says aluminum market pressures in the near-term keep him on the sidelines.
11/07/16
MSCO
11/07/16
INITIATION
Target $27
MSCO
Overweight
Alcoa initiated with an Overweight at Morgan Stanley
Morgan Stanley analyst Evan Kurtz with an Overweight and a $27 price target saying shares are pricing in a commodity outlook well below spot and his base case commodity view. Further, he believes power sales deserves a higher multiple and the opportunity for third party bauxite sales is not reflected in valuation.
11/07/16
11/07/16
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. Alcoa (AA) initiated with a Buy at Citi, a Market Perform at Cowen, and an Overweight at Morgan Stanley. 2. Extraction (XOG) Oil & Gas initiated with an Overweight at Barclays, an Overweight at KeyBanc, a Sector Perform at RBC Capital, a Neutral at Citi, an Outperform at Wells Fargo, a Buy at SunTrust, and a Neutral at Goldman. 3. Hostess Brands (TWNK) initiated with a Buy at SunTrust and a Buy at SunTrust. 4. Sanofi (SNY) initiated with a Neutral at Goldman. 5. VimpelCom (VIP) initiated with an Outperform at Credit Suisse. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
ARNC Arconic
$19.28

-0.39 (-1.98%)

11/01/16
11/01/16
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. Camping World (CWH) initiated with a Neutral at Goldman, an Outperform at Credit Suisse, an Overweight at KeyBanc, a Neutral at JPMorgan, an Outperform at Baird, and a Market Perform at Wells Fargo. 2. Alcoa (AA) and Arconic (ARNC) initiated with a Neutral at Macquarie. 3. Twilio (TWLO) initiated with an Outperform at Oppenheimer. 4. Yum China (YUMC) initiated with a Hold at Evercore ISI and an Overweight at Morgan Stanley. 5. Waste Connections (WCN) was initiated with a Buy at Goldman while the firm initiated Waste Management with a Sell. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/02/16
GSCO
11/02/16
INITIATION
Target $15
GSCO
Sell
Arconic initiated with a Sell at Goldman
Goldman Sachs analyst Andrew Quail started Alcoa (AA) spinoff Arconic (ARNC) with a Sell rating and $15 price target. The analyst has a negative outlook for more than half of Arconic's end markets and points out the company has an elevated leverage position. Quail this morning initiated Alcoa with a Neutral rating.
11/02/16
MSCO
11/02/16
INITIATION
Target $36
MSCO
Overweight
Arconic initiated with an Overweight at Morgan Stanley
Morgan Stanley initiated Arconic with an Overweight and a $36 price target.
11/07/16
MSCO
11/07/16
INITIATION
Target $19
MSCO
Equal Weight
Arconic initiated with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Rajeev Lalwani initiated Arconic with an Equal Weight and a $19 price target and would wait for a better entry point before becoming more constructive on shares.

TODAY'S FREE FLY STORIES

KMX

CarMax

$68.84

0.17 (0.25%)

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$9.22

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HPE

HP Enterprise

$13.79

0.16 (1.17%)

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RP

RealPage

$39.35

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HPE

HP Enterprise

$13.79

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YUM

Yum! Brands

$76.48

0.11 (0.14%)

18:37
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Conference/Events
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  • 27

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MAR

Marriott

$107.57

-0.12 (-0.11%)

18:32
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Conference/Events
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  • 27

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ESPGY

Esprit Holdings

$1.21

0.018 (1.51%)

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Conference/Events
Esprit Holdings management to meet with JPMorgan »

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  • 27

    Sep

BA

Boeing

$256.04

0.58 (0.23%)

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  • 23

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M

Macy's

$21.16

-0.32 (-1.49%)

18:18
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Conference/Events
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  • 26

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TAHO

Tahoe Resources

$5.60

0.02 (0.36%)

18:12
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ATKR

Atkore

$18.42

0.02 (0.11%)

18:11
09/21/17
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Conference/Events
Atkore management to meet with JPMorgan »

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  • 26

    Sep

YOGA

YogaWorks

$4.00

-0.04 (-0.99%)

, TXN

Texas Instruments

$86.05

0.22 (0.26%)

18:11
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Hot Stocks
On The Fly: After Hours Movers »

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TXN

Texas Instruments

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PSDO

Presidio

$13.95

-0.06 (-0.43%)

VSAR

Versartis

$21.60

-0.25 (-1.14%)

ASND

Ascendis Pharma

$27.74

-1.55 (-5.29%)

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  • 21

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FTR

Frontier Communications

$11.69

-0.31 (-2.58%)

18:10
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Hot Stocks
Frontier Communications operations in Florida return to near-normal levels »

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PLYA

Playa Hotels & Resorts

$10.66

-0.06 (-0.56%)

18:07
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Playa Hotels & Resorts reports no significant damage from Maria »

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ASND

Ascendis Pharma

$27.74

-1.55 (-5.29%)

, VSAR

Versartis

$21.60

-0.25 (-1.14%)

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$21.60

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CE

Celanese

$103.90

-0.04 (-0.04%)

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DNOW

NOW Inc.

$12.98

0.1 (0.78%)

18:03
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Conference/Events
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  • 25

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  • 01

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JOBS

51job

$58.50

0.01 (0.02%)

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HES

Hess Corp.

$43.63

0.17 (0.39%)

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Conference/Events
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  • 25

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APC

Anadarko

$48.49

3.68 (8.21%)

17:43
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  • 27

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HCC

Warrior Met Coal

$23.28

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MAA

MAA

$107.27

-0.03 (-0.03%)

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NOC

Northrop Grumman

$280.42

0.38 (0.14%)

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GD

General Dynamics

$205.72

1.45 (0.71%)

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AAN

Aaron's

$38.83

-0.39 (-0.99%)

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