William L. Moore
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William L. Moore in Insider trading,

Alcoa May Look Resilient, But BofA Says to Beware

BoFA Merrill Lynch's Timna Tanners downgraded the rating for Alcoa Inc  from Buy to Neutral, while reducing the price objective from $12 to $10.50.

Analyst Timna Tanners said that Alcoa's shares have been surprisingly resilient despite a one-third decline in alumina prices since June 2015, a worsening outlook for aerospace build rates and a high pension liability that was disclosed recently.