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Alcoa’s Target, Estimates Lowered at UBS (AA)

Aluminum producer Alcoa Inc. ( AA ) on Friday saw its price target and earnings estimates cut by analysts at UBS.

The firm said it now expects AA shares to reach $13, suggesting a smaller 8% upside to the stock's Thursday closing price of $12.03.

UBS also cut its earnings estimates for the company but maintained its "Neutral" rating, noting AA's expected seasonal lull in its midstream business.

Alcoa shares were mostly flat in premarket trading Friday.

The Bottom Line

Shares of Alcoa ( AA ) have a 1.00% dividend yield, based on last night's closing stock price of $12.03. The stock has technical support in the $11 price area. If the shares can firm up, we see overhead resistance around the $14 price level.

Alcoa Inc. ( AA ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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