UBS Lowers Estimates on Alcoa (AA)

UBS Lowers Estimates on Alcoa (AA)

RSS

UBS reported on Monday that it has lowered its estimates for aluminum company, Alcoa Inc (AA).

The firm has reduced its FY2013 estimates for Alcoa due to higher aluminum prices on the London Medal Exchange which will offset declined production and shipments.

UBS currently has a price target of $10 on the company. This price target suggests a 15% increase from the stock’s current price of $8.50

Alcoa shares were up 5 cents, or 0.59% during premarket trading Monday. The stock has declined -16% in the past year.

The Bottom Line
Shares of Alcoa Inc (AA) have a 1.42% yield, based on Friday’s closing price of $8.45.

Alcoa Inc (AA) is not recommended at this time, holding a Dividend.com DARS™ Rating of 2.9 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from Dividend.com.

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today