Alcoa shares are trading higher after Morgan Stanley maintained an Overweight rating on the stock and raised its price target from $48 to $49.
Portfolio Pulse from Benzinga Newsdesk
Alcoa shares are trading higher following Morgan Stanley's decision to maintain an Overweight rating and increase the price target from $48 to $49.
October 18, 2024 | 3:13 pm
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POSITIVE IMPACT
Morgan Stanley has maintained an Overweight rating on Alcoa and increased its price target from $48 to $49, leading to a rise in Alcoa's share price.
The increase in price target and maintained Overweight rating by a major financial institution like Morgan Stanley is a positive signal to investors, likely leading to increased buying interest and a rise in Alcoa's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100