BMO Capital analyst David Gagliano lowered his price target on Alcoa to $45 after the company's Q4 earnings, noting that while results came in "sequentially lower", they exceeded his forecasts thanks to "favorable corporate eliminations". The analyst also keeps his Outperform rating on Alcoa shares, noting the stock is "inexpensive considering the stage of the underlying pricing cycle" and anticipating the deficit to persist within the global supply/demand aluminum dynamics. Gagliano contends that the "combination of current low prices with the potential for a deficit-driven positive pricing recovery" makes Alcoa stock "one of the better risk/rewards" in his coverage.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

B. Riley analyst Lucas Pipes raised the firm's price target on Alcoa to $31 from $25 and keeps a Neutral rating on the shares following the Q1 report. Compared to estimates, aluminum shipments were stronger and third-party alumina shipments also came in better, the analyst tells investors in a research note. The firm increased estimates on higher London Metal Exchange pricing.