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0.00140739236393173 -0.00032900081234764 -0.000609260763606847 -0.00365556458164094 0.00446791226645002 0.00487408610885463 0.00365556458164094 0.00390739236393175
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Alcoa +6% after Credit Suisse issues second analyst upgrade in two days [Seeking Alpha]

ALCOA (AA)  More Company Research Source: Seeking Alpha
Last alcoa earnings: 4/18 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.alcoa.com
PDF Alcoa +6% after Credit Suisse issues second analyst upgrade in two daysAlcoa (AA+5.7%) jumps more than 5% after Credit Suisseupgrades shares to Outperform from Neutral with a $61 price target, up from $42, saying the aluminum market is set to tighten next year and that higher prices should help the stock rise.Analyst Curt Woodworth writes that although aluminum winter cuts disappointed, the alumina and bauxite closures helped to push price forecasts higher; he also says Alcoa's valuation is "compelling" with catalysts ahead, as the company is about to become "a capital return story."AA shares have surged 15% this week, as Morgan Stanleyalso upgraded its outlook for the company.See all stocks on the move » [Read more]

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