ALCOA (AA $17.16, rating cut to Neutral from Overweight at $16 target) RATING TO NEUTRAL OWING TO APPRECIATION TO OUR $16 PRICE TARGET, NEAR NIL 2011 CONSUMPTION GROWTH AND END MARKETS CONFUSION 2/10/201

ALCOA (AA $17.16, rating cut to Neutral from Overweight at $16 target) RATING TO
NEUTRAL OWING TO APPRECIATION TO OUR $16 PRICE TARGET, NEAR NIL
2011 CONSUMPTION GROWTH AND END MARKETS CONFUSION 2/10/2011