Alcoa

The new earnings season kicks off this week when Alcoa (NYSE: AA) and Novellus (NASDAQ: NVLS) report second-quarter results on Monday after the closing bell. That is followed by Marriott (NYSE: MAR) and Yum! Brands (NYSE: YUM) on Wednesday, JPMorgan (NYSE: JPM) and Google (NASDAQ: GOOG) on Thursday...

Deutsche Bank made a number of updates in a research report published today. HollyFrontier (NYSE: HFC) had its coverage initiated with a Buy rating and a price target of $95. Goldcorp (NYSE: GG) had its rating downgraded from Buy to Hold. At the same time, its price target was reduced to $56...

Deutsche Bank's recommendation changes in metals and mining for 7/5/2011 are as follows: Thompson Creek (NYSE: TC) - Buy to Hold, tgt $14 to $12, Goldcorp (NYSE: GG)- Buy to Hold, tgt $60 to $56, Silver Standard (NASDAQ: SSRI) - Buy to Hold, tgt CAD37 to CAD31. Target Price Changes: Alcoa (...

The U.S.-Russia Business Council Board Members, led by USRBC Chairman Klaus Kleinfeld of Alcoa, met today with President Medvedev in St. Petersburg at The St. Petersburg International Economic Forum to present him with a letter voicing their full support for the Russian Federation's accession to...

Dahlman Rose is out with its report today on Alcoa (NYSE: AA), reaffirming Buy. In a note to clients, Dahlman Rose writes, "Alcoa reported 1Q11 EPS results that were slightly ahead of our and the consensus estimate. We are slightly increasing our full year 2011 EPS estimate to $1.30. We maintain...

According to Deutsche Bank, Alcoa (NYSE: AA) 1Q11 EPS meets, though its upstream volumes are light. Deutsche Bank reported that Alcoa posted 1Q11 normalized dil. EPS of $0.28, in-line with DB of $0.28 and Bloomberg consensus of $0.27, on strong performance from Alumina, Flat Rolled and Engineered...

Deutsche Bank expects Alcoa, Inc. (NYSE: AA) to report 1Q11 diluted EPS of $0.28 (+35% QoQ; +178% YoY), “predicated on higher sequential volumes and prices for Primary metals, Alumina and Flat-rolled products, which are partially offset by higher costs. Barring any one-off charges, Alcoa's results...

Goldman Sachs is raising its 1Q2011 estimate for Alcoa, Inc. (NYSE: AA) to $0.28 from $0.25 due to the mark-to-market of aluminum prices. “The 15-day lagged average aluminum price for 1Q2011 came at $1.12/lb versus our $1.04/lb estimate (8% higher),” Goldman Sachs writes. “We also raise our 2Q2011...

JP Morgan has published a research report on Alcoa Inc. (NYSE: AA) and is raising estimates and price target based on a higher aluminum forecast as aluminum prices are starting to increase. In the report, JP Morgan writes "We are increasing our 2011E EPS to $1.55 from $1.38 and our price target to...

JP Morgan has raised the price target on Alcoa Inc. (NYSE: AA) from $20 to $22 and maintains its Overweight rating.

Deutsche Bank has published a research report on Alcoa, Inc. (NYSE: AA) and has upgraded the company to Buy from Hold. In the report, Deutsche Bank writes "We are upgrading Alcoa to Buy from Hold and raise our 12-month PT by ~60% from $14 to $22/share to reflect growing optimism on both aluminum's...

Goldman Sachs is raising its estimates on Alcoa (NYSE: AA). Goldman Sachs raises its P/E multiple assumptions by 19%/15%/8% for 2011/2012/normalized estimates and raising our EV/EBITDA multiple assumptions by 15%/8%/8% inline with an increase in multiples across our aluminum stocks. In a note to...

Deutsche Bank has published its Metals and Mining Update which highlights the following stocks: Alcoa (AA.N),USD13.31 Hold, Price Target USD14.00 Alpha Natural Resources (ANR.N),USD50.88 Buy, Price Target USD55.00 Arch Coal (ACI.N),USD29.89 Buy, Price Target USD32.00 Barrick Gold (ABX.N),USD50.98...

Citigroup has published a research report on Alcoa Inc. (NYSE: AA) in anticipation of the company's Investor Day. In the report, Citigroup writes "For the first time since 2006, Alcoa is hosting a comprehensive investor meeting in New York on Wednesday, November 10th. The preliminary agenda shows...