Alcoa Inc (AA) Downgraded As Earnings Approach

In the traditional start to the earnings season, Alcoa Inc (NYSE:AA) will reveal its numbers for the quarter ending September 30 tomorrow afternoon. Things aren't looking all that good for the aluminum producer, as a new Morgan Stanley (NYSE:MS) report on the company lays out.

The report downgraded Alcoa Inc (NYSE:AA) from Overweight to Equal Weight. The analysts expect aluminum prices to fall in the months ahead and they expect the Alcoa bottom line to suffer as a result. The report put a price target of $9 on the company, a drop of 10...