Morgan Stanley Reiterates Underweight on Alcoa, Maintains $33 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Carlos De Alba has reiterated an 'Underweight' rating on Alcoa (NYSE:AA) and maintained a price target of $33.
July 12, 2023 | 12:54 pm
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Morgan Stanley has reiterated an 'Underweight' rating on Alcoa, maintaining a price target of $33.
The 'Underweight' rating from Morgan Stanley suggests that the firm believes Alcoa's stock is expected to underperform compared to other stocks. This could potentially lead to a decrease in Alcoa's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100