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/ 83.5.64.* / 2009-04-08 14:17
Alcoa (AA:
alcoa inc com
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Last: 7.81-0.10-1.26%
4:00pm 04/07/2009
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AA 7.81, -0.10, -1.3%) , down about 80% over the last year, slipped 3.1% in pre-market trade after reporting a worse-than-forecast $497 million first-quarter loss.
Merrill Lynch analysts reiterated an underperform rating on the Dow industrials component, saying aluminum fundamentals look challenging and that the stock is fully valued at 1.3 times tangible book value.