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Enter Symbol:
 
Alcoa Inc. (AA) [hlAlert]

Rating:
Mkt Perform
AA

Alcoa Inc. (AA) rated Mkt Perform with price target $8 by Friedman Billings

Posted on: Friday,  Dec 19, 2008  8:25 AM ET by Friedman Billings

Friedman Billings rated Mkt Perform Alcoa Inc. (NYSE: AA) on 12/19/2008. Previously Friedman Billings rated Outperform Alcoa Inc. (NYSE: AA) on
07/09/2008., when the stock price was $33.66. Since then, Alcoa Inc. has lost 67.17% as of 11/11/2008's recent price of $11.05.
If you would have followed the previous Friedman Billings's recommendation on AA, you would have lost 67.17% of your investment in 125 days.

Alcoa Inc. is the world's leading producer and manager of primary aluminum, fabricated aluminum and alumina facilities, and is active in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa's businesses to customers. In addition to aluminum products and components, Alcoa also markets consumer brands including Reynolds Wrap foils and plastic wraps, Alcoa wheels, and Baco household wraps. Among its other businesses are closures, fastening systems, precision castings, and electrical distribution systems for cars and trucks.

FBR Capital Markets is a full service investment banking, institutional sales, trading and research and asset management firm with a customer-focused and innovative approach to meeting its clients needs. It focuses its banking, advisory, trading and research efforts on seven broad industry sectors including consumer, diversified industrials, energy & natural resources, financial institutions, insurance, real estate and technology, media & telecom. With our headquarters in the Washington, D.C. metropolitan area, our Economic and Washington Policy Analysis groups offer clients a comprehensive overview of national economic trends along with a unique perspective on the impact that legislation and regulation will have on industry sectors and individual companies
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/19/2008 8:25 AM Hold
None
9.96 8.00
as of 12/24/2008
1 Week down  -1.29 %
1 Month up  24.86 %
3 Months up  24.42 %
1 YTD down  -86.25 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/11/2008 8:25 AM Hold
None
11.05 10.00
7/9/2008 8:25 AM Buy
None
33.66 43.00
3/7/2008 8:25 AM Hold
None
37.33 43.00
1/17/2008 8:25 AM Buy
None
30.82 35.00
1/10/2008 8:25 AM Buy
None
31.50 38.00
8/9/2007 9:25 AM Buy
None
36.39 49.00

(*) Stock Price at the time of the recommendation.
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