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Fly News Breaks for May 2, 2018
AA
May 2, 2018 | 07:05 EDT
Jefferies analyst Chris LaFemina started Alcoa with a Buy rating and $65 price target. The analyst sees free cash flow growth, balance sheet improvements and predictable capital returns driving a higher valuation for the shares. He views the stock as undervalued at current levels.
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.
