Alcoa Corp (AA) Analysts Set Price Target at $92 Following Acquisition
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowOn July 1, Alcoa Corp (AA) announced the acquisition of South32's bauxite, alumina, and aluminum assets. B. Riley reiterated a Buy rating with a price target of $92, despite concerns over short-term leverage. Earlier, Wells Fargo adjusted its price target from $82 to $71, reflecting cautious sentiment due to aluminum price weakness. Analysts highlight potential cost savings and improved competitiveness as long-term benefits of the acquisition, potentially offsetting recent share price declines.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Wells Fargo & Company (WFC)
Wells Fargo is a large U.S. bank focused on consumer and commercial banking, mortgages, and wealth management.
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