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AA

Alcoa

$27.91

-3.6 (-11.42%)

16:34
10/11/16
10/11
16:34
10/11/16
16:34

Alcoa downgraded to Neutral from Buy at BofA/Merrill

  • 11

    Oct

AA Alcoa
$27.91

-3.6 (-11.42%)

05/23/16
BOFA
05/23/16
UPGRADE
BOFA
Buy
Alcoa upgraded to Buy from Neutral at BofA/Merrill
05/23/16
05/23/16
UPGRADE
Target $11

Buy
Alcoa upgraded to Buy from Neutral at BofA/Merrill
As previously reported, BofA/Merrill upgraded Alcoa to Buy from Neutral and raised its price target to $11 from $10.50. Analyst Timna Tanners said aluminum and alumina has become a lesser portion of Alcoa's earnings yet shares have become increasingly correlated to aluminum pricing while aerospace exposure now leaves it with an estimated 75% of its earnings levered to the segment. Tanners is confident in an upswing in aero-heavy downstream results and sees engine deliveries up 10% in 2016 and 18% in 2017. The analyst views the recent pullback in Alcoa shares as a buying opportunity given reduced commodity exposure and increased aero contribution.
09/09/16
GHSC
09/09/16
INITIATION
Target $11
GHSC
Neutral
Alcoa initiated with a Neutral at Seaport Global
Seaport Global analyst Josh Sullivan initiated Alcoa with a Neutral and $11 price target.
09/09/16
09/09/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. American Express (AXP) initiated with an Underweight at Atlantic Equities. 2. Alcoa (AA) initiated with a Neutral at Seaport Global. 3. Blue Buffalo Pet Products (BUFF) initiated with an Outperform at Oppenheimer. 4. Harley-Davidson (HOG) initiated with an Outperform at Bernstein. 5. Verifone (PAY) initiated with a Buy at BTIG. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

CDK

CDK Global

$74.57

-1.2 (-1.58%)

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  • 30

    Jan

LQD

iShares iBoxx $ Investment Grade Corporate Bond

, FAST

Fastenal

$55.44

-0.15 (-0.27%)

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Options
Unusually active option classes on open January 17th »

Unusual total active…

LQD

iShares iBoxx $ Investment Grade Corporate Bond

FAST

Fastenal

$55.44

-0.15 (-0.27%)

ROKU

Roku

$39.19

-4.19 (-9.66%)

SPX

S&P 500

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AMAT

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1.05 (1.96%)

DIA

Diamonds Fund ETF

CSX

CSX

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-1.12 (-1.89%)

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  • 17

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    Feb

  • 01

    Mar

CNTE

Contura Energy

$66.70

-0.74 (-1.10%)

09:39
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09:39
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Contura Energy rating change  »

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WEX

Wex

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Wex analyst commentary  »

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  • 21

    Feb

EAT

Brinker

09:38
01/17/18
01/17
09:38
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09:38
Upgrade
Brinker rating change  »

Brinker upgraded to Mixed…

03/08/13
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SID

CSN

09:38
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CSN rating change  »

CSN upgraded to Neutral…

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AMAT

Applied Materials

09:37
01/17/18
01/17
09:37
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09:37
Technical Analysis
Technical Take: Applied Materials higher with peers »

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CWT

California Water Service

09:36
01/17/18
01/17
09:36
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09:36
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California Water Service rating change  »

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TSS

TSYS

09:36
01/17/18
01/17
09:36
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09:36
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TSYS analyst commentary  »

TSYS price target raised…

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  • 23

    Jan

NTRA

Natera

$9.87

-0.31 (-3.05%)

09:36
01/17/18
01/17
09:36
01/17/18
09:36
Initiation
Natera initiated  »

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BETR

Amplify Snack Brands

, HSY

Hershey

09:36
01/17/18
01/17
09:36
01/17/18
09:36
Recommendations
Amplify Snack Brands, Hershey analyst commentary  »

Amplify Snack Brands…

BETR

Amplify Snack Brands

HSY

Hershey

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09:35
01/17/18
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General news
FX Action: The dollar »

FX Action: The dollar…

PYPL

PayPal

$80.42

-0.12 (-0.15%)

09:34
01/17/18
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09:34
Recommendations
PayPal analyst commentary  »

PayPal price target…

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  • 08

    Mar

BBVA

Banco Bilbao

09:34
01/17/18
01/17
09:34
01/17/18
09:34
Downgrade
Banco Bilbao rating change  »

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CMA

Comerica

09:33
01/17/18
01/17
09:33
01/17/18
09:33
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Comerica analyst commentary  »

Comerica price target…

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CWT

California Water Service

09:33
01/17/18
01/17
09:33
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09:33
Downgrade
California Water Service rating change  »

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ASML

ASML

$186.38

5.51 (3.05%)

09:32
01/17/18
01/17
09:32
01/17/18
09:32
Hot Stocks
ASML announces EUR 2.5B share buyback program, to boost dividend »

ASML will submit a…

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  • 17

    Jan

HAWK

Blackhawk

$45.05

8.55 (23.42%)

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Blackhawk analyst commentary  »

Blackhawk price target…

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FCX

Freeport McMoRan

09:31
01/17/18
01/17
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Freeport McMoRan rating change  »

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  • 25

    Jan

ASML

ASML

$186.38

5.51 (3.05%)

09:31
01/17/18
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09:31
Earnings
ASML sees Q1 net sales around EUR 2.2B »

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  • 17

    Jan

HALO

Halozyme

$19.74

-0.62 (-3.05%)

09:31
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Recommendations
Halozyme analyst commentary  »

Halozyme may be pressured…

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  • 18

    Jan

FLT

FleetCor

09:30
01/17/18
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FleetCor analyst commentary  »

FleetCor price target…

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ASML

ASML

$186.38

5.51 (3.05%)

09:30
01/17/18
01/17
09:30
01/17/18
09:30
Earnings
ASML reports Q4 EPS EUR1.49 vs. EUR1.22 a year ago »

Reports Q4 revenue…

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  • 17

    Jan

09:30
01/17/18
01/17
09:30
01/17/18
09:30
General news
Treasury Action: yields backed up to highs »

Treasury Action: yields…

USB

U.S. Bancorp

09:29
01/17/18
01/17
09:29
01/17/18
09:29
Hot Stocks
Breaking Hot Stocks news story on U.S. Bancorp »

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  • 17

    Jan

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