Dahlman Rose Reaffirms Buy on Alcoa (AA)

Dahlman Rose is out with its report today on Alcoa AA, reaffirming Buy. In a note to clients, Dahlman Rose writes, "Alcoa reported 1Q11 EPS results that were slightly ahead of our and the consensus estimate. We are slightly increasing our full year 2011 EPS estimate to $1.30. We maintain our $22 price target and reaffirm our Buy rating." At the time of posting, shares of AA were trading pre-market at $16.98, down 4.45% from Monday's close.