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

Rating:
Neutral AA
down 7.12 %

Alcoa Inc. (AA) upgraded to Neutral by HSBC Securities

Posted on: Thursday,  Apr 22, 2010  8:25 AM ET by HSBC Securities

HSBC Securities rated Neutral Alcoa Inc. (NYSE: AA) on 04/22/2010. Previously HSBC Securities rated Underweight Alcoa Inc. (NYSE: AA) on 09/14/2009.,
when the stock price was $12.64. Since then, Alcoa Inc. has gained 7.67% as of 04/22/2010's recent price of $13.61.
If you would have followed the previous HSBC Securities's recommendation on AA, you would have lost 7.12% of your investment in 220 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.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/22/2010 8:25 AM Hold
None
13.61
as of 12/31/2010
1 Week   
1 Month   
3 Months   
1 YTD up  15.57 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/14/2009 8:25 AM Sell
None
12.64 11.00

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