Morgan Stanley lowered the firm’s price target on Alcoa (AA) to $35 from $39 and keeps an Overweight rating on the shares after updating estimates to incorporate the latest company guidance following Q1 earnings and mark to market commodity prices for 2025.
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Read More on AA:
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- Alcoa’s Earnings Call: Strong Results Amid Challenges
- Alcoa Stock (AA) Falls on Mixed Q1 Results
- Alcoa price target lowered to $43 from $44 at B. Riley
- Alcoa’s Growth Potential and Strategic Initiatives Justify Buy Rating Despite Current Challenges