B of A Securities Maintains Neutral on Alcoa, Raises Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Lawson Winder has maintained a Neutral rating on Alcoa (NYSE:AA) but increased the price target from $28 to $36. This adjustment reflects a more positive outlook on the company's future performance while still not fully endorsing a buy or sell position.
December 21, 2023 | 4:27 pm
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POSITIVE IMPACT
Alcoa's price target has been raised from $28 to $36 by B of A Securities, indicating a potential upside based on the analyst's view, while maintaining a Neutral rating.
The increase in price target suggests that B of A Securities sees more potential in Alcoa's stock than previously estimated. This could lead to increased investor confidence and a potential short-term rise in the stock price. However, the Neutral rating indicates that the analyst sees balanced risk and reward, tempering the impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100