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Fly News Breaks for November 9, 2015
CENX, AA
Nov 9, 2015 | 07:42 EDT
Nomura analyst Alexander Burnes downgraded both Alcoa (AA) and Century Aluminum (CENX) to Neutral from Buy citing growing risk of a sustained primary aluminum surplus through 2017. A surplus in China is reshaping the aluminum supply chain, Burnes tells investors in a research note. He cut his price target for Alcoa to $8 from $14 and for Century to $4 from $12.
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