Boston, Mar 09, 2007 (MidnightTrader via COMTEX) -- Alcoa (AA) shares are higher late in the day after a JP Morgan analyst says he believes buyout talk is credible. He says BHP Billiton (BHP) and Companhia Vale do Rio Doce (RIO) could be possible bidders, as has been reported in the press. He says the stock has value of about $41 per share in buyout scenario. He also raised 2007 earnings estimate to $3.12 per share from $2.65 to reflect an increased outlook for aluminum prices.
Looks like its just a matter of time....possibly days??
