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Fly News Breaks for October 7, 2019
ARNC
Oct 7, 2019 | 07:04 EDT
JPMorgan analyst Seth Seifman upgraded Arconic to Overweight from Neutral with an unchanged price target of $30. The analyst sees a "compelling" risk/reward profile following the stock's 8% decline in the past two weeks. Further, Seifman likes Arconic's "self-help opportunity." He sees margin expansion potential in both its businesses and also likes management's "exacting approach" to new investment.
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