21 JUNE 2013Mideasttime.com
Alcoa given hold rating at TheStreet
Edited by : AL CIRCLE
1 min read
Alcoa’s stock had its “hold” rating reiterated by TheStreet in a research note issued on Wednesday, Stock Ratings Network.com reports.
The analysts wrote, “Alcoa (AA) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and generally higher debt management risk.”
A number of other analysts have also recently weighed in on AA. Analysts at Citigroup cut their price target on shares of Alcoa to $9.00 in a research note to investors on Monday, April 15th. Separately, analysts at Zacks reiterated a “hold” rating on shares of Alcoa in a research note to investors on Thursday, April 11th. They now have a $8.75 price target on the stock. Finally, analysts at Stifel Nicolaus cut their price target on shares of Alcoa from $13.00 to $12.00 in a research note to investors on Tuesday, April 9th. They now have a “buy” rating on the stock.
The analysts wrote, “Alcoa (AA) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and generally higher debt management risk.”
A number of other analysts have also recently weighed in on AA. Analysts at Citigroup cut their price target on shares of Alcoa to $9.00 in a research note to investors on Monday, April 15th. Separately, analysts at Zacks reiterated a “hold” rating on shares of Alcoa in a research note to investors on Thursday, April 11th. They now have a $8.75 price target on the stock. Finally, analysts at Stifel Nicolaus cut their price target on shares of Alcoa from $13.00 to $12.00 in a research note to investors on Tuesday, April 9th. They now have a “buy” rating on the stock.
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