ALCOA (AA $8.86, downgraded to Unattractive) GLOBAL DEMAND-SUPPLY BALANCE AND GLOBAL COST-DRIVERS DETERIORATE, SUGGESTING LOWER PRICES AND MAJOR COST “HEADWINDS” 5/26/2009

ALCOA (AA $8.86, downgraded to Unattractive) GLOBAL DEMAND-SUPPLY
BALANCE AND GLOBAL COST-DRIVERS DETERIORATE, SUGGESTING
LOWER PRICES AND MAJOR COST “HEADWINDS” 5/26/2009