Today's Research Reports on Stocks to Watch: Alcoa Corporation and Arconic Inc.
NEW YORK, NY / ACCESSWIRE / July 5, 2017 / Alcoa shares saw some nice gains on Monday after it was revealed that out of 23 analysts that cover the stock, 15 of them have a "buy" rating on it. Shares of Arconic Inc. had a fairly flat trading day after it was announced that there would be an investigation on the company after Arconic discontinued the global sale of certain façade panels, including ones that had been used on the face of London’s Grenfell Tower that burned last month.
RDI Initiates Coverage on:
Alcoa Corporation
https://ub.rdinvesting.com/news/?ticker=AA
Arconic Inc.
https://ub.rdinvesting.com/news/?ticker=ARNC
Alcoa Corporation's shares closed up 4.20% on Monday despite any news from the company. According to analysts, the company is expected to report EPS of $0.72, a growth of 14.29% from its previously reported EPS of $0.63, when it reports on July 10th. Analysts have forecast a profit of $138.23 million. Out of 23 analysts that are tracking the stock, 15 have a "buy" rating on it and 8 have a "hold" rating. No analyst has a "sell" rating.
Access RDI's Alcoa Research Report at:
https://ub.rdinvesting.com/news/?ticker=AA
Arconic Inc.'s shares closed up a modest 0.84% on Monday. Law firm Lifshitz & Miller has announced an investigation on the company on behalf of Arconic investors. The lawsuit comes after Arconic's announcement that the company would stop global sales of certain facade panels that contained combustible polyethylene cores. These panels had been used on the facade of the Grenfell Tower in London that caught on fire and killed 79 people. Apparently the combustible panels had helped spread the fire rapidly. The fire occurred in the early hours on June 14th and needed more than 200 firefighters to fight it. The Metropolitan police has said that they will consider manslaughter, health and safety and fire safety charges.
Arconic had said in a statement, "While we publish general usage guidelines, regulations and codes vary by country and need to be determined by the local building code experts," the company said in an emailed statement in response to the Reuters inquiry. "The loss of lives, injuries and destruction following the Grenfell Tower fire are devastating, and we would like to express our deepest sympathies to everyone affected by this tragedy ... We will fully support the authorities as they investigate this tragedy."
Access RDI's Arconic Research Report at:
https://ub.rdinvesting.com/news/?ticker=ARNC
Our Actionable Research on Alcoa Corporation (NYSE: AA) and Arconic Inc. (NYSE: ARNC) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
