Alcoa a Buy at Morgan Stanley, with six reasons why [Seeking Alpha]
Alcoa Corporation (AA)
Last alcoa corporation earnings: 4/22 04:10 pm
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Source: Seeking Alpha
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
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News
- Alcoa raised at Morgan Stanley on cost saving measures [Seeking Alpha]Seeking Alpha
- Alcoa Co. (NYSE: AA) was upgraded by analysts at Morgan Stanley from an "underweight" rating to an "equal weight" rating. They now have a $36.50 price target on the stock, up previously from $28.50.MarketBeat
- Alcoa Co. (NYSE: AA) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Alcoa Corporation (NYSE:AA) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Aramco Wins ISA100 Wireless Excellence in Automation Award [Yahoo! Finance]Yahoo! Finance
AA
Earnings
- 4/17/24 - Miss
AA
Sec Filings
- 4/18/24 - Form DEFA14A
- 4/17/24 - Form DEFA14A
- 4/17/24 - Form DEFA14A
- AA's page on the SEC website