Dahlman Rose Reiterates Buy on Alcoa

Dahlman Rose is out with its report today on Alcoa AA, reiterating Buy. In a note to clients, Dahlman Rose writes, "Alcoa reported 2Q11 results that were largely in line with our estimates and slightly below consensus. We are maintaining our full year 2011 and 2012 estimates and reiterating our Buy rating and $22 price target." At the time of posting, shares of AA were trading pre-market at $15.65, down 1.63% from Monday's close.