B. Riley analyst Nick Giles lowered the firm’s price target on Alcoa (AA) to $43 from $44 and keeps a Buy rating on the shares after the company reported Q1 results, including adjusted EBITDA excluding special items that was above the firm’s estimate and the FactSet consensus. Following the report, the firm raised its Q2 adjusted EBITDA estimate to $439M from $351M, the analyst noted.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AA:
- Alcoa’s Growth Potential and Strategic Initiatives Justify Buy Rating Despite Current Challenges
- Alcoa price target lowered to $25 from $28 at JPMorgan
- Alcoa’s Financial Outlook: Balancing Strong EBITDA Growth with Tariff and Macroeconomic Challenges
- China Shrugs Off US 245% Tariff Threats, Says No Interest in “Numbers Game”
- Alcoa Corporation Reports Strong Q1 2025 Results