On Oct 17, major Wall Street analysts update their ratings for $Alcoa (AA.US)$, with price targets ranging from $45 to $52.
Morgan Stanley analyst Carlos De Alba maintains with a buy rating, and maintains the target price at $48.
BofA Securities analyst Lawson Winder maintains with a buy rating, and maintains the target price at $52.
Jefferies analyst Chris LaFemina maintains with a buy rating, and maintains the target price at $50.
BMO Capital analyst Katja Jancic maintains with a hold rating, and adjusts the target price from $42 to $45.
B.Riley Financial analyst Lucas Pipes upgrades to a buy rating, and adjusts the target price from $41 to $50.
Furthermore, according to the comprehensive report, the opinions of $Alcoa (AA.US)$'s main analysts recently are as follows:
Following the Q3 report, it's observed that Alcoa's significant EBITDA improvement was stimulated by elevated alumina pricing, as well as raw materials and energy costs, though these gains were partially negated by a decrease in aluminum pricing alongside currency impacts. It's noted that with Alcoa advancing towards a resolution on San Ciprian, the stock has been removed from a watchlist focused on positive catalysts.
Following Alcoa's strong performance in Q3, expectations for the near-term are optimistic with adjustments made to account for the current alumina prices. The company's Q4 results are also projected to show further improvement. Alcoa is considered to be in a favorable position to take advantage of the robust alumina pricing environment.
Here are the latest investment ratings and price targets for $Alcoa (AA.US)$ from 5 analysts:
Note:
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