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Fly News Breaks for September 19, 2017
AA
Sep 19, 2017 | 09:03 EDT
Morgan Stanley analyst Piyush Sood raised his Q3 EPS forecast for Alcoa to 80c, above the current consensus of 70c, citing expectations for higher aluminum prices, lower alumina costs in the aluminum segment and improved bauxite segment performance. He maintains an Overweight rating on the stock ahead of the company's report, which is scheduled for October 18.
News For AA From the Last 2 Days
AA
Apr 22, 2024 | 09:47 EDT
AA
Apr 22, 2024 | 08:57 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly. HIGHER - Vista... To see the rest of the story go to thefly.com. See Story Here
AA
Apr 22, 2024 | 04:37 EDT
Morgan Stanley upgraded Alcoa to Equal Weight from Underweight with a price target of $36.50, up from $28.50. The analyst now sees a more balanced risk/reward for Alcoa shares given the company's continued progress on cost saving measures, reduced uncertainty on the path to resolving bauxite mining issues in Western Australia, and potentially more Inflation Reduction Act benefits to come. The operational concerns that persisted throughout 2023 have largely been de-risked, the analyst tells investors in a research note.
