Alcoa exceeds Q earnings expectations, receives upgrades from BMO Capital Markets and B. Riley.
Alcoa (NYSE: AA) received multiple upgrades from analysts, with BMO Capital Markets raising its price target to $45, and B. Riley increasing it to $50 with a "buy" rating. The company reported earnings of $0.57 per share for the latest quarter, surpassing expectations of $0.23, while revenue reached $2.90 billion, slightly below estimates. Alcoa has a consensus rating of "Moderate Buy" and a target price of $44.45.
October 21, 2024
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