JP Morgan Downgrades Alcoa to Neutral, Lowers Price Target to $36
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Bill Peterson has downgraded Alcoa (NYSE:AA) from Overweight to Neutral and lowered the price target from $54 to $36.
July 14, 2023 | 9:53 am
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NEGATIVE IMPACT
Alcoa's rating has been downgraded from Overweight to Neutral by JP Morgan, with a lowered price target from $54 to $36.
The downgrade from JP Morgan, a major financial institution, could negatively impact investor sentiment towards Alcoa. The lowered price target suggests that JP Morgan expects Alcoa's stock price to decrease in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100