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Alcoa Inc.: UBS Securities equity analyst Brian MacArthur lowered a rating on shares of Alcoa Inc. (AA) to neutral from buy on Apr. 13. He also reduced a price target on the shares to $16 from $17.
After the close of trading Apr. 12, Alcoa, the largest U.S. aluminum producer, reported a narrower first-quarter net loss and revenue that trailed analysts' estimates as higher prices failed to compensate for declining sales of sheet for cans.