Alcoa shares fall sharply on UBS downgrade

Posted by

November 18, 2008

Alcoa shares fall sharply on UBS downgrade November 17th, 2008 SAN FRANCISCO (MarketWatch) — Alcoa Inc. was down 8% at $9.97 a share Monday, leading percentage decliners in the Dow Jones Industrial Average after UBS cut its investment recommendation on the aluminum giant to neutral from buy. Analyst Brian MacArthur said Alcoa is vulnerable to the twin pressures of lower global aluminum demand and a rising dollar. About 55% of Alcoa’s smelting assets are based in the United States, which mean
Related PostsGold turns lower amid market uncertaintyGold turns lower amid market uncertainty October 16th, 2008 NEW YORK (MarketWatch) — Gold fut…Forex News: Italian Industrial Production Out at -2.1%Forex News: Italian Industrial Production Out at -2.1% Posted by Basil Fayad on Mon, 11/10/2008 - 4…NY’s Cuomo says others should follow Goldman Sachs’ leadNY’s Cuomo says others should follow Goldman Sachs’ [...]

Original post by Technorati Search for: forex news