Market News

Alcoa Shares Down on Fears Over Aluminum Price

Market News

Reuters reported that despite strong profits, shares of Alcoa (NYSE:AA) are down over concerns about the price of aluminum.

Reuters reported that despite strong profits, shares of Alcoa (NYSE:AA) are down over concerns about the price of aluminum.

The market news is quoted as saying:

Tony Robson of BMO Nesbitt Burns Inc downgraded Alcoa to “underperform” from “market perform,” partly due to the share price exceeding its $15 price target.

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