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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NEGATIVE IMPACT
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