JP Morgan Reinstates Neutral on Alcoa, Announces $36 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Bill Peterson has reinstated a Neutral rating on Alcoa (NYSE:AA) with a price target of $36.
September 25, 2024 | 1:11 pm
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NEUTRAL IMPACT
JP Morgan's analyst Bill Peterson has reinstated a Neutral rating on Alcoa with a price target of $36, indicating a balanced view on the stock's potential.
The Neutral rating suggests that JP Morgan does not expect significant upside or downside in Alcoa's stock price in the near term. The $36 price target provides a specific valuation benchmark for investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100