UBS Maintains Sell on Alcoa, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Curt Woodworth has maintained a Sell rating on Alcoa (NYSE:AA) and reduced the price target from $29 to $27.
January 18, 2024 | 3:38 pm
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UBS has maintained a Sell rating on Alcoa and lowered the price target from $29 to $27, indicating a bearish outlook on the stock.
The reduction in price target by a major analyst like UBS suggests that they see less potential in Alcoa's stock than previously estimated. This could lead to a negative investor sentiment and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100