BofA/Merrill Lynch Upgrades Alcoa (AA) to Buy on Cash Flow Recovery
Bank of America/Merrill Lynch has upgraded Alcoa Corporation's stock rating to 'Buy', citing expectations of a recovery in cash flow.
Stocks · News reference
Alcoa management indicated to analysts that they expect the restart of curtailed aluminum smelting capacity in the Middle East to proceed more gradually than previously anticipated.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
Bank of America/Merrill Lynch has upgraded Alcoa Corporation's stock rating to 'Buy', citing expectations of a recovery in cash flow.
Argus Research has downgraded Alcoa Corporation's stock rating to Hold, citing concerns related to aluminum pricing.
Analysts downgraded Qiagen, Alcoa and Dutch Bros, cutting price targets for Qiagen to $52 and Dutch Bros to $46.
Freedom Broker analyst Vitaly Kononov reduced the price target for Alcoa Corporation (NYSE: AA) from $76.00 to $62.00 while maintaining a Buy rating.
B. Riley Securities analyst Nick Giles maintains Alcoa (NYSE:AA) with a Buy and lowers the price target from $80 to $63.