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Fly News Breaks for July 20, 2017
AA
Jul 20, 2017 | 06:45 EDT
Citi analyst Alexander Hacking says the "modest" Q2 miss reported by Alcoa does not change his buy thesis. Higher ali prices will be sustained by Chinese supply-side reform and Alcoa will continue with "solid execution and sensible capital allocation," the analyst writes in a post-earnings research note. He keeps a Buy rating on the shares with a $45 price target.
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