ALUMINA LTD. (AWC $6.13, OVERWEIGHT; PRICE TARGET LOWERED FROM $17 TO $8.50); LOWER ESTIMATED LME ALUMINUM PRICES, STRONG A$ AND HIGHER ALUMINA COSTS DRAMATICALLY CUT MARGINS 11/2/2011

ALUMINA LTD. (AWC $6.13, OVERWEIGHT; PRICE TARGET LOWERED FROM
$17 TO $8.50); LOWER ESTIMATED LME ALUMINUM PRICES, STRONG A$
AND HIGHER ALUMINA COSTS DRAMATICALLY CUT MARGINS  11/2/2011