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Fly News Breaks for November 13, 2019
AA
Nov 13, 2019 | 06:22 EDT
BofA/Merrill analyst Timna Tanners downgraded Alcoa to Underperform from Neutral with a $21 price target. The analyst cites limited catalysts and a cautious aluminum view, adding that while the stock price has risen about 16% since reporting Q3, aluminum price was up only about 6% in that time frame. Tanners adds that investors may be "overly enthusiastic" regarding the cost savings implied in the company's review.
News For AA From the Last 2 Days
AA
Apr 18, 2024 | 16:26 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
AA
Apr 18, 2024 | 12:00 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
AA
Apr 18, 2024 | 09:04 EDT
B. Riley analyst Lucas Pipes raised the firm's price target on Alcoa to $31 from $25 and keeps a Neutral rating on the shares following the Q1 report. Compared to estimates, aluminum shipments were stronger and third-party alumina shipments also came in better, the analyst tells investors in a research note. The firm increased estimates on higher London Metal Exchange pricing.
AA
Apr 18, 2024 | 08:43 EDT
AA
Apr 18, 2024 | 08:13 EDT
AA
Apr 17, 2024 | 18:28 EDT
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSBank... To see the rest of the story go to thefly.com. See Story Here
AA
Apr 17, 2024 | 16:15 EDT
AA
Apr 17, 2024 | 16:15 EDT
AA
Apr 17, 2024 | 16:13 EDT
AA
Apr 17, 2024 | 16:13 EDT
AA
Apr 17, 2024 | 16:12 EDT
The company states: "Adjusted EBITDA excluding special items was $132 million, a sequential increase of $43 million primarily due to lower energy and raw material costs, partially offset by lower average realized third-party price for aluminum and higher production costs."
AA
Apr 17, 2024 | 16:11 EDT
Reports Q1 revenue $2.60B, consensus $2.56B. "In the first quarter of 2024, we finalized the terms of our acquisition of Alumina Limited, which will bring strategic, operational, and financial flexibility," said Alcoa CEO William Oplinger. "Raw material prices and markets are improving, and we are implementing near-term improvements to further strengthen Alcoa for the future."
AA
Apr 17, 2024 | 13:05 EDT
Pre-earnings options volume in Alcoa is 1.1x normal with calls leading puts 3:2. Implied volatility suggests the market is anticipating a move near 5.4%, or $1.97, after results are released. Median move over the past eight quarters is 4.8%.
AA
Apr 17, 2024 | 11:59 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
AA
Apr 17, 2024 | 08:56 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly. HIGHER - Alcoa (AA)... To see the rest of the story go to thefly.com. See Story Here
AA
Apr 17, 2024 | 08:50 EDT
