Wolfe Research analyst Tinma Tanners downgraded Arconic to Peer Perform from Outperform without a price target. The analyst now has less confidence in the company’s end market resilience into a downturn. The firm cites "less safe haven enthusiasm" for the downgrade.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on ARNC:
- Apollo considering $27 or $28 per share bid for Arconic, Bloomberg says
- Carlyle, Lone Star join Apollo for Arconic bid, Dealreporter says
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Arconic working with advisers after receiving Apollo bid, WSJ reports
- Street Wrap: Today’s Top 15 Upgrades, Downgrades, Initiations