BMO Capital Maintains Market Perform on Alcoa, Lowers Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Katja Jancic has maintained a 'Market Perform' rating on Alcoa (NYSE:AA) but lowered the price target from $30 to $28.
October 19, 2023 | 3:51 pm
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NEGATIVE IMPACT
Alcoa's price target has been lowered from $30 to $28 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 short term. This could potentially lead to a decrease in the stock's price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100