Brokerage Firm Rating Update on Alcoa (AA)

Alcoa (AA) has an average broker rating of 2.05, which is interpreted as a Buy, as rated by 10 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Alcoa (AA) : The highest level Alcoa (AA) is projected to reach is $14 for the short term and the lowest estimate is at $8. The consolidated price target from 9 rating analysts who initiate coverage on the stock is $11.56 and the possibility the share price can swing is $1.81.


For the current week, the company shares have a recommendation consensus of Buy. Also, In a research note released to the investors, Morgan Stanley maintains its rating on Alcoa (NYSE:AA).The analysts at the brokerage house have a current rating of Overweight on the shares. In a recent information released to the investors, Morgan Stanley raises the new price target from $11 per share to $12 per share. The rating by the firm was issued on June 30, 2016.

Alcoa (NYSE:AA): stock was range-bound between the intraday low of $10.13 and the intraday high of $10.33 after having opened at $10.3 on Wednesdays session. The stock finally closed in the red at $10.3, a loss of -1.07%. The stock remained in the red for the whole trading day. The total traded volume was 13,655,747 shares. The stock failed to cross $10.33 in Wednesdays trading. The stocks closing price on Thursday was $10.32.

Alcoa Inc. (Alcoa) is engaged in lightweight metals engineering and manufacturing. The Company operates in four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. Its products, which include aluminum, titanium and nickel, are used in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, consumer electronics, and industrial applications across the world. It also produces and manages primary aluminum, fabricated aluminum and alumina combined, through its active participation in the aspects of the industry, including technology, mining, refining, smelting, fabricating, and recycling. The Company has investments and operating activities in Australia, Brazil, China, Guinea, Iceland, Russia and Saudi Arabia, among others. It produces three dimensional (3D-printed) titanium, specialty metals and plastic parts for aerospace, medical and energy applications.

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