JP Morgan Maintains Neutral on Alcoa, Raises Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Bill Peterson maintains a Neutral rating on Alcoa (NYSE:AA) but raises the price target from $36 to $39.
October 17, 2024 | 2:25 pm
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JP Morgan has maintained a Neutral rating on Alcoa but increased the price target from $36 to $39, indicating a slightly more positive outlook.
The increase in price target suggests a more optimistic view on Alcoa's future performance, which could lead to a positive short-term impact on the stock price. However, the Neutral rating indicates that the analyst does not see significant upside potential, balancing the impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100