Today’s Stock Downgrades: AA, RAI, ACL

Posted on 07. Jan, 2010 by admin in U.S.

This morning, Citigroup downgraded shares of Alcoa (AA) from Buy to Hold as the stock price approaches the firm’s $17 price target. The firm also warned the aluminum company is facing currency headwinds that could prevent it from meeting Wall Street lofty estimates for the fourth quarter and reiterated its EPS estimates of three cents per share.

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