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Fly News Breaks for March 5, 2017
AA
Mar 5, 2017 | 18:39 EDT
Goldman Sachs analyst Andrew Quail upgraded Alcoa to Buy from Neutral and raised his 6-month price target for the shares to $52 from $34. The aluminum producer closed Friday up 53c to $36.38. China's capacity cuts are improving industry dynamics, Quail tells investors in a research note. He expects Alcoa to generate a 12% free cash yield on average through 2018 amid higher aluminum and alumina prices.
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