01 SEPTEMBER 2011StreetInsider.com
Goldman Sachs Says Buy Alcoa (AA) on Weakness
Edited by : AL CIRCLE
1 min read
Goldman Sachs reiterated their Buy ratings on Alcoa (NYSE: AA) following the recent sharp pull back in the shares on global growth and the sovereign issues in Europe.
The firm expects demand for metal to remain fairly healthy driven by emerging markets. Also, supply demand fundamentals for metals look positive.
They do not see further downside in aluminum price which are close to marginal cost. Specific catalyst make them "very constructive" on Alcoa.
The firm expects demand for metal to remain fairly healthy driven by emerging markets. Also, supply demand fundamentals for metals look positive.
They do not see further downside in aluminum price which are close to marginal cost. Specific catalyst make them "very constructive" on Alcoa.
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