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Bank of America/Merrill Lynch has upgraded Alcoa Corporation's stock rating to 'Buy', citing expectations of a recovery in cash flow.
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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.
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.