Information Provided By:
Fly News Breaks for September 12, 2017
AA
Sep 12, 2017 | 05:11 EDT
Deutsche Bank analyst Jorge Beristain upgraded Alcoa to Buy and raised his price target for the shares to $60 from $44. The aluminum producer closed yesterday up 99c to $43.60. Beristain's upgrade follows Deutsche Bank's commodity team raising its 2018 aluminum price forecast by 12% to $2,072 per ton. The firm's new forecast is predicated upon capacity curtailments in China, reducing domestic surplus, and exports of aluminum products to Rest of World. As a result, Beristain increased his 2018 EBITDA estimates for Alcoa by 36% to $2.4B.
News For AA From the Last 2 Days
There are no results for your query AA