Credit Suisse Maintains Outperform on Alcoa, Lowers Price Target to $42
Portfolio Pulse from richadhand@benzinga.com
Credit Suisse analyst Curt Woodworth has maintained an Outperform rating on Alcoa (NYSE:AA) but lowered the price target from $46 to $42.
July 20, 2023 | 11:47 am
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Alcoa's price target has been lowered from $46 to $42 by Credit Suisse, though the Outperform rating is maintained.
While the Outperform rating suggests that Credit Suisse expects Alcoa to outperform the market, the lowering of the price target may indicate a slightly less optimistic outlook. However, as the rating is still positive, the impact on the stock price is likely to be neutral in the short term.
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