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Alcoa a Buy at Morgan Stanley, with six reasons why [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 a Buy at Morgan Stanley, with six reasons whyAlcoa (NYSE:AA) is reiterated with anOutperform rating and $55 price target at Morgan Stanley, which says the stock continues to trade below its global peers, making it an attractive buy ahead of its earnings report.Stanley offers a half-dozen reasons to own the stock, including: China's aluminum supply restarts and the overall supply picture should become clearer, reducing pricing volatility/uncertainty; aluminum prices should continue to edge higher; China's capacity and pollution controls are raising the cost of building and operating aluminum smelters in China, which should hold down new supply; the company likely will start paying a dividend next year; interest from investors outside the U.S. is increasing since AA currently screens as the least expensive high quality aluminum pure play globally; and the stock may be included in more equity indices next year.The firm raises its EBITDA outlook to $850M, above the $820M Wall Street [Read more]

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