Morgan Stanley Upgrades Alcoa to Overweight, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has upgraded Alcoa (NYSE:AA) from Equal-Weight to Overweight and raised its price target from $36.5 to $50, indicating a positive outlook for the company's stock.
June 21, 2024 | 9:14 am
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Morgan Stanley analyst Carlos De Alba has upgraded Alcoa from Equal-Weight to Overweight and raised the price target from $36.5 to $50, suggesting a positive outlook for the stock.
The upgrade from Equal-Weight to Overweight and the significant increase in the price target from $36.5 to $50 by a reputable analyst at Morgan Stanley indicates strong confidence in Alcoa's future performance. This is likely to attract investor interest and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100