BMO Capital Maintains Market Perform Rating for Alcoa: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
BMO Capital has maintained its Market Perform rating for Alcoa (NYSE:AA) but lowered its price target from $30.00 to $28.00. Alcoa's shares are currently trading down 1.51% at $26.12 per share. A move to $28.00 would represent a 7.2% increase from the current share price.
October 19, 2023 | 5:00 pm
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BMO Capital has maintained its Market Perform rating for Alcoa but lowered its price target. This could potentially impact investor sentiment and the stock's price.
Analyst ratings and price targets can significantly influence investor sentiment and the stock's price. In this case, while BMO Capital has maintained its Market Perform rating for Alcoa, it has lowered its price target. This could potentially lead to a negative impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100