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via seekingalpha.comBusiness & Companies

Alcoa downgraded to Hold at Argus on mounting pricing pressure

FROM THE WIRE · SEEKINGALPHA.COM

Alcoa downgraded to Hold from Buy at Argus, which said aluminum prices remain near multi-month lows as supply improves outside the Middle East.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe downgrade and aluminum prices near multi-month lows weigh on near-term margins.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Argus downgraded Alcoa to Hold from Buy.
  2. 02Aluminum prices remain near multi-month lows.
  3. 03Supply is improving outside the Middle East.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Alcoa CorporationAAStock38.55 USD-0.06%today -5.35%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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