June 25, 2012 at 15:52 PM EDT
Alcoa Slides after Analyst Cuts Earnings Estimates
Alcoa (AA) kicks off second quarter earnings season on July 9, but some pessimism today about those earnings is hurting the stock. Stifel Nicolaus analyst Paul Massoud thinks that low aluminum prices could weigh on Alcoa’s second quarter results. He slashed his expectations for Alcoa’s average realized aluminum price to $2,250 from $2,400. “Over the [...]
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