Alcoa to see boost from autos: analyst

Jul 10, 2014 | 04:07 PM | Nathan Laliberte

Tags  Alcoa, Morgan Stanley, Paretosh Misra, Klaus Kleinfeld, automotive, aerospace, Nathan Laliberte

NEW YORK — Alcoa Inc’s Global Rolled Products and Engineered Products and Solutions segments are positioned to capitalize on emerging trends in global aerospace and automotive markets, according to a Morgan Stanley analyst.

For the Global Rolled Products segment, which focuses on the production and sale of aluminum plate, sheet and foil for the aerospace, automotive, commercial transportation, and building and construction markets, spiking demand from the auto sector will continue to propel earnings over the next year and a half, Paretosh Misra said in a research report. "(Alcoa) will be one among a small group of companies that have the manufacturing capacity and technical expertise to produce the product demanded by automakers. We see this end market as a likely source of positive catalysts....

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