Why This Alcoa Analyst Is Turning Bullish In Uncertain Macro Environment
Alcoa Corp (NYSE: AA ) is poised to generate significant free cash flows in the coming years, given the constructive outlook for aluminum, according to Morgan Stanley. The Alcoa Analyst: Carlos De Alba upgrade the rating for Alcoa from Equal-Weight to Overweight and raised the price target from $51 to $66. The Alcoa Takeaways: While the company’s results could remain under pressure in the back half of 2022, mainly due to lower commodity prices and higher costs, “we believe the market will … Full story available on Benzinga.com
Why This Alcoa Analyst Is Turning Bullish In Uncertain Macro Environment
Alcoa Corp (NYSE: AA ) is poised to generate significant free cash flows in the coming years, given the constructive outlook for aluminum, according to Morgan Stanley. The Alcoa Analyst: Carlos De Alba upgrade the rating for Alcoa from Equal-Weight to Overweight and raised the price target from $51 to $66. The Alcoa Takeaways: While the company’s results could remain under pressure in the back half of 2022, mainly due to lower commodity prices and higher costs, “we believe the market will … Full story available on Benzinga.com