Morgan Stanley Maintains Overweight on Alcoa, Raises Price Target to $49
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Carlos De Alba maintains an Overweight rating on Alcoa (NYSE:AA) and raises the price target from $48 to $49.
October 18, 2024 | 1:02 pm
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Morgan Stanley has reaffirmed its Overweight rating on Alcoa and increased the price target from $48 to $49, indicating a positive outlook.
The increase in price target by Morgan Stanley suggests a positive outlook for Alcoa, likely boosting investor confidence and potentially leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100