Alcoa (AA) Q3 EPS Estimates Raised at Goldman Sachs
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BofA/Merrill Lynch Upgrades Alcoa (AA) to Buy on Cash Flow Recovery
September 30, 2014 6:58 AM EDTBofA/Merrill Lynch upgraded Alcoa (NYSE: AA) from Neutral to Buy with a price target of $18.00 (from $16.00) saying a cash flow recovery is looming.
Analyst Timna Tanners cited 1) a better cash flow outlook; 2) improved aluminum fundamentals; and 3) additional positive catalysts.
"With much of... More
