Rochester, NY 8/22/2009 1:47:46 AM
Alcoa, Inc. AA, Analyst Downgrades Alcoa
Alcoa, Inc. AA
Last Wednesday Alcoa Inc. announced that the analyst warned Alcoa of weak industry fundamentals. Goldman Sachs analyst Sal Tharani cut the shares to "Neutral" from the firm's "Americas Buy List" after the stock topped his $13 target price last week.
In a note to investors, he also recommended investors buy Freeport-McMoRan Copper & Gold Inc. on the relatively more attractive prospects of copper.
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