Morgan Stanley Maintains Overweight on Alcoa, Lowers Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Carlos De Alba maintains an Overweight rating on Alcoa (NYSE:AA) but lowers the price target from $50 to $48.
July 22, 2024 | 5:28 pm
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Morgan Stanley analyst Carlos De Alba maintains an Overweight rating on Alcoa but lowers the price target from $50 to $48.
The Overweight rating suggests a positive outlook on Alcoa, but the lowered price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100