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AA

Alcoa

$47.90

-0.105 (-0.22%)

06:41
07/19/18
07/19
06:41
07/19/18
06:41

Alcoa shares reflect too step a drop in aluminum prices, says JPMorgan

JPMorgan analyst Michael Gambardella lowered his estimates for Alcoa to reflect the company's guidance around the impacts from operational headwinds, tariffs and energy costs. Even with these revisions following last night's Q2 results, the analyst still expects Aloca to post "solid" EBITDA levels this year. Further, the stock price is discounting too steep of a drop in alumina and aluminum prices, Gambardella tells investors in a research note. He lowered his price target for the shares to $80 from $86 and keeps an Overweight rating on Alcoa.

AA Alcoa
$47.90

-0.105 (-0.22%)

05/02/18
05/02/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Alcoa (AA) initiated with a Buy at Jefferies. 2. Spotify (SPOT) initiated with a Buy at SunTrust. 3. Skyworks (SWKS) initiated with an Outperform at Baird. 4. Mallinckrodt (MNK) initiated with a Neutral at B. Riley FBR. 5. CatchMark Timber (CTT) initiated with a Sector Perform at RBC Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/30/18
DBAB
05/30/18
NO CHANGE
Target $70
DBAB
Buy
Alcoa screens inexpensive at current levels, says Deutsche Bank
Alcoa shares "screen cheap" and there is potential for capital returns in the second half of 2018, Deutsche Bank analyst Chris Terry tells investors in a research note. The analyst believes the power outage at the company's Warrick primary aluminum facility will impact less than 1% of his company-wide $2.9B estimated EBITDA for 2018. He keeps a Buy rating on Alcoa shares with a $70 price target.
06/20/18
RILY
06/20/18
INITIATION
Target $47
RILY
Neutral
Alcoa initiated with a Neutral at B. Riley FBR
B. Riley FBR analyst Lucas Pipes started Alcoa with a Neutral rating and $47 price target.
06/21/18
06/21/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Alcoa (AA) initiated with a Neutral at B. Riley FBR while Century Aluminum (CENX) was initiated with a Buy. 2. Westlake Chemical (WLK) initiated with an Outperform at Bernstein while Westlake Chemical Partners (WLKP) was initiated with a Market Perform. 3. RealPage (RP) initiated with an Overweight at JPMorgan. 4. JBG Smith Properties (JBGS) initiated with a Sell at Stifel. 5. Kimberly-Clark (KMB) initiated with an Underweight at Morgan Stanley. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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HSBC

HSBC

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RJF

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NTAP

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YNDX

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LQDA

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LB

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HTHT

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LB

L Brands

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HTHT

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LB

L Brands

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Earnings
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