ALCOA (AA $25.62, rated Neutral) PRICE TARGET CUT TO $30 FROM $36, 2008- 2009 ESTIMATES CUT DUE TO OVERSUPPLY AND POST-2010 RAISED OWING TO BETTER CURRENCY AND LOWER ENERGY INPUTS 9/24/2008
ALCOA (AA $25.62, rated Neutral) PRICE TARGET CUT TO $30 FROM $36, 2008-
2009 ESTIMATES CUT DUE TO OVERSUPPLY AND POST-2010 RAISED OWING
TO BETTER CURRENCY AND LOWER ENERGY INPUTS 9/24/2008