Argus Cuts Alcoa to Hold as Shares Fall 5% in Thursday Trading
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Alcoa shares fell 5% in Thursday, Oct. 22, trading as Argus lowered its rating on the company to Hold from Buy. Argus cited near-term margin pressure in making the change. Aluminum prices were near multi-month lows, while supply was improving outside the Middle East. Alcoa was struggling to overcome pricing pressure. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
