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Fly News Breaks for January 12, 2017
KALU
Jan 12, 2017 | 06:56 EDT
As previously reported, BofA/Merrill downgraded Kaiser Aluminum (KALU) to Underperform from Neutral and cut its price target to $77 from $81. Analyst PT Luther believes pressure is building in Kaiser's key aerospace and auto end markets, especially in aluminum plate-heavy widebody platforms following production cuts at Boeing (BA) and Airbus, and from reduced tailwinds in the auto cycle.
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