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Benzinga's Top Upgrades (BLL, CRNT, ARG, AA)
Monday, January 3, 2011 - 9:23am | 136Ball Corporation (NYSE: BLL) was upgraded by BofA/Merrill from "neutral" to "buy." BLL's shares closed at $68.05 on Friday. Ball's trailing-twelve-month ROE is 34.17%. Analysts at RBC Capital upgrade Ceragon Networks Ltd (NASDAQ: CRNT) from "sector perform" to "outperform." CRNT's shares closed at...
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Deutsche Bank Upgrades AA To Buy
Monday, January 3, 2011 - 7:14am | 51Analysts at Deutsche Bank upgrade Alcoa Inc (NYSE: AA) from “hold” to “buy.” The target price for AA has been raised from $14 to $22. AA shares rose 1.18% to close at $15.39 on Friday. More Analyst Ratings here
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Alcoa Names Keith Walton VP
Thursday, December 30, 2010 - 11:13am | 36Alcoa (NYSE: AA) announced today that Keith Walton has been named Vice President, Government Affairs, effective January 4, 2011. He succeeds Russell Wisor, who is retiring after 33 years of service.
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Rio Tinto Acquires Riversdale Mining - Analyst Blog
Thursday, December 23, 2010 - 4:31pm | 429Global miner Rio Tinto Plc. (RIO) formed a definite agreement with Australia-based Riversdale Mining Limited to acquire all of the issued and outstanding shares of the latter at an offer price of A$16 per share bringing the total consideration at A$3.9 billion. Rio Tinto decided to use its cash...
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Rio Tinto Acquires Riversdale Mining - Analyst Blog
Thursday, December 23, 2010 - 4:00pm | 429Global miner Rio Tinto Plc. (RIO) formed a definite agreement with Australia-based Riversdale Mining Limited to acquire all of the issued and outstanding shares of the latter at an offer price of A$16 per share bringing the total consideration at A$3.9 billion. Rio Tinto decided to use its cash...
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Steelworkers Ratify Labor Contract With Century Aluminum of Kentucky
Thursday, December 23, 2010 - 12:42pm | 50Century Aluminum of Kentucky, a wholly owned subsidiary of Century Aluminum Company (NASDAQ: CENX), announced today that the membership of United Steelworkers Local 9423 has voted to ratify a five-year labor agreement covering approximately 500 hourly workers at the company's Hawesville, KY...
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5 Best & Worst Performers In The Dow (AA, MRK, BAC, DIS, TRV)
Thursday, December 23, 2010 - 11:52am | 156It's 90 minutes into trading and there are a few stocks in the Dow Jones Index that are starting to shape the last trading day before Christmas. The 5 best % performers in the index are Alcoa (NYSE: AA), Merck (NYSE: MRK), Verizon (NYSE: VZ), Hewlett-Packard (NYSE: HPQ) and Chevron (NYSE: CVX). On...
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Alcoa Starting To Break Out (AA)
Wednesday, December 22, 2010 - 1:43pm | 55Alcoa Inc. (NYSE: AA) is starting to break out, gaining more than 2% today to trade at $15.22, up 33 cents. This is because the aluminum market is starting to catch up to the other base metals, as we are seeing the aluminum market start to tighten with supply concerns.
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Top 4 Stocks In The Aluminum Industry With The Highest EPS Estimates (KALU, NOR, AA, CENX)
Tuesday, December 21, 2010 - 4:21am | 149Below are the top aluminum stocks on the NYSE and the NASDAQ in terms of earnings estimate for the next year. The earnings estimate for Kaiser Aluminum Corporation (NASDAQ: KALU) for the next year ending December, 2011 is $2.69 per share. KALU's trailing-twelve-month revenue is $1.05 billion....
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Rio Tinto Prices Offer - Analyst Blog
Monday, December 20, 2010 - 4:30pm | 470Rio Tinto Plc. (RIO) has priced 25.6 million shares of Cloud Peak Energy Inc.'s (CLD) offered under the secondary public at $19.50 each aggregating $499.2 million. On completion, Rio Tinto will have a 6.2% stake in the latter. The underwriters also have a right to an over-allotment of 3.8...
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Rio Tinto Prices Offer - Analyst Blog
Monday, December 20, 2010 - 4:10pm | 470Rio Tinto Plc. (RIO) has priced 25.6 million shares of Cloud Peak Energy Inc.'s (CLD) offered under the secondary public at $19.50 each aggregating $499.2 million. On completion, Rio Tinto will have a 6.2% stake in the latter. The underwriters also have a right to an over-allotment of 3.8...
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Goldman Sachs Raises Estimates on Alcoa
Friday, December 17, 2010 - 9:38am | 122Goldman Sachs is raising its estimates on Alcoa (NYSE: AA). Goldman Sachs raises its P/E multiple assumptions by 19%/15%/8% for 2011/2012/normalized estimates and raising our EV/EBITDA multiple assumptions by 15%/8%/8% inline with an increase in multiples across our aluminum stocks. In a note to...
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Goldman Sachs Raises AA Target From $12 To $14
Friday, December 17, 2010 - 8:17am | 31Goldman Sachs raising its 6-month price target (P/E, EV/EBITDA, DCF and M&A based) for Alcoa Inc. (NYSE: AA) to $14 from $12.
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Goldman Sachs Initiates CENX With A Sell Rating, $14 TP
Friday, December 17, 2010 - 8:15am | 34Goldman Sachs is initiating coverage on Century Aluminum Company (NASDAQ: CENX) with a Sell rating and a 6-month (P/E and EV/EBITDA-based) target price of $14.
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Goldman Opens CENX With Sell
Friday, December 17, 2010 - 7:17am | 42Analysts at Goldman initiate coverage of Century Aluminum Company (NASDAQ: CENX) with a “sell” rating. CENX shares gained 4.60% to close at $16.13 yesterday. More Analyst Ratings here