Arconic (ARNC) Receives a Buy from Deutsche Bank

In a report issued on April 6, Corinne Blanchard from Deutsche Bank maintained a Buy rating on Arconic (ARNCResearch Report), with a price target of $40.00. The company’s shares closed last Thursday at $25.16.

According to TipRanks.com, Blanchard is ranked #4320 out of 7939 analysts.

Currently, the analyst consensus on Arconic is a Moderate Buy with an average price target of $40.00.

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The company has a one-year high of $38.49 and a one-year low of $22.45. Currently, Arconic has an average volume of 1.14M.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ARNC in relation to earlier this year.

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Arconic Corp is engaged in manufacturing of aluminum sheet, plate, extrusions, and architectural products, serving the ground transportation, aerospace, building and construction, industrial, and packaging end-markets. The firm’s operating segments include Rolled Products, Extrusions, and Building and Construction Systems (BCS). It generates a majority of its revenue from the Rolled Products segment.

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