Morgan Stanley says sell this aluminum giant

News Snapshot:

Alcoa will suffer from weaker global growth, according to Morgan Stanley. The firm downgraded shares of the aluminum producer to underweight from equal weight Wednesday. It also lowered its price target on the stock to $33 per share from $43. Morgan Stanley's new forecast implies about 5% downside from the stock's $34.91 close on Wednesday. Shares of Alcoa have pulled back more than 23% from the start of the year. Alcoa is the eighth-largest global producer of aluminum. AA YTD mountain Alcoa stock has slipped 23.2% from the start of the year. Morgan Stanley analyst Carlos De Alba said a...