Alcoa Takeover Speculation - Target $49

Friedman, Billings, Ramsey & Co. upgraded shares in AA to outperform from market perform Thursday, saying the recent sell-off in the aluminum producer's stock price "has completely removed any takeover premium in the name and provides upside potential" even if it's not bought out. Analyst Amir Arif kept his price target at $49 and said "there is a good probability of a takeout."