Goldman also cited concerns that outstanding liabilities from the 2017 Grenfell Tower fire will weigh on Arconic shares.
It's time to sell shares of Arconic , according to Goldman Sachs. Analyst Emily Chieng downgraded the aluminum products maker to sell from neutral, citing a weak European demand outlook.
mountain Arconic shares fall premarket Shares of Arconic this year have gained about 4.6% following a roughly 36% slump in 2022. Chieng trimmed the firm's price target to $21 from $23 a share, representing more than 5% downside from Monday's close. Shares fell about 4% premarket.
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