BMO Capital Maintains Market Perform on Alcoa, Lowers Price Target to $30
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst Katja Jancic has maintained a 'Market Perform' rating on Alcoa (NYSE:AA) but lowered the price target from $33 to $30.
July 20, 2023 | 12:01 pm
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Alcoa's price target has been lowered from $33 to $30 by BMO Capital, though the 'Market Perform' rating is maintained.
The lowering of the price target by BMO Capital indicates a less optimistic outlook for Alcoa's stock in the near term. This could potentially lead to a decrease in the stock's price as investors adjust their expectations. However, the maintenance of the 'Market Perform' rating suggests that the stock is expected to perform in line with the market, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100