UBS raised the firm’s price target on Alcoa (AA) to $34 from $31 and keeps a Neutral rating on the shares. A soft patch in Q3 has not materialized and UBS is positive on copper, aluminum, and gold looking forward, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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:
- Positive Outlook and Long-Term Growth Potential for Alcoa Amidst Stable EBITDA and Increased Aluminum Price Forecasts
- Alcoa down 1% after issuing guidance at Morgan Stanley conference
- Alcoa sees Q3 aluminum shipments 15,000 metric tons lower than anticipated
- Alcoa price target raised to $38 from $37 at B. Riley
- Alcoa call volume above normal and directionally bullish