Home › Download › ALCOA (AA $10.76, rating raised to NEUTRAL from Underweight; PRICE TARGET remains at $13/share) NEAR TERM EARNINGS ESTIMATES RAISED SLIGHTLY REFLECTING HIGHER FLAT-ROLLED MARGINS, NO INGOT LOSSES AND EFFECTIVE ALUMINUM/ALUMINA COST CURTAILMENTS 4/11/2012

ALCOA (AA $10.76, rating raised to NEUTRAL from Underweight; PRICE TARGET remains at $13/share) NEAR TERM EARNINGS ESTIMATES RAISED SLIGHTLY REFLECTING HIGHER FLAT-ROLLED MARGINS, NO INGOT LOSSES AND EFFECTIVE ALUMINUM/ALUMINA COST CURTAILMENTS 4/11/2012

ALCOA (AA $10.76, rating raised to NEUTRAL from Underweight; PRICE TARGET
remains at $13/share) NEAR TERM EARNINGS ESTIMATES RAISED SLIGHTLY
REFLECTING HIGHER FLAT-ROLLED MARGINS, NO INGOT LOSSES AND
EFFECTIVE ALUMINUM/ALUMINA COST CURTAILMENTS  4/11/2012