Fly News Breaks for August 14, 2019
Aug 14, 2019 | 08:32 EDT
Ahead of Arconic being separated into two publicly traded companies, Longbow analyst Chris Olin said his analysis points to a potential break-up value of $27 to $30 per share. He concludes the market is undervaluing Howmet, which will include the aerospace-levered businesses within the EP&S Segment as well as the aluminum wheels unit located within TCS. The "new Arconic" will include all rolling operations from the GRP Segment and the TCS construction units, noted Olin, who keeps a Neutral rating on Arconic shares.
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