Morgan Stanley Maintains Underweight on Alcoa, Lowers Price Target to $27.5
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Carlos De Alba has maintained an Underweight rating on Alcoa (NYSE:AA) and lowered the price target from $28.5 to $27.5.
October 24, 2023 | 12:22 pm
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Morgan Stanley has maintained an Underweight rating on Alcoa and lowered the price target, which could negatively impact the stock's price.
The lowered price target by Morgan Stanley indicates a bearish outlook for Alcoa. This could lead to a decrease in the stock's price as investors adjust their expectations based on the new price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100