Alcoa (AA) made some changes to its 2012 end-market Y/Y
growth projections.
- Upped growth estimate in the automotive space in North America to 10% - 14%, from 7% - 12%.
- North American heavy trucks & trailers lowered to 4% - 8%, from 7% - 12%.
- Beverage can packaging market in North America was upped slightly to basically no growth from an initial projection of a decline.
- 5% sales decline projection for the commercial building and construction market in North America was maintained.
- No adjustments were made to projections for Europe.
- The lowered projection within the heavy trucks & trailers market to a decline between 3% and 8%, from growth between 0% and 5%, was the only change made for China.
- Upped outlook on global production within the automotive market by 1% on the low and high end of initial outlook range provided in Q1; lowered its global production estimate of heavy trucks & trailers to (3%) - 1% from 1% - 5%.
The stock is up 4c in AH.
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