AA News & Analysis
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Market Mood
Alcoa Corp (AA) Analysts Set Price Target at $92 Following Acquisition
On 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.
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Alcoa (AA) to Acquire South32 Aluminum Assets for $4.1 Billion
Alcoa (AA) has announced an agreement to acquire aluminum assets from South32 for $4.1 billion. This transaction is significant as it expands Alcoa's presence in the aluminum market and may enhance its operational capabilities. The acquisition is expected to have a positive impact on Alcoa's production portfolio, aligning with the company's growth strategy. The deal's completion is subject to regulatory approvals, which could influence market perceptions regarding Alcoa’s future performance.
Read More: Alcoa (AA) to Acquire South32 Aluminum Assets for $4.1 Billion
AA (AA) and BSM Ordered to Refund £760,000 to Learner Drivers
The owner of AA (AA) and BSM driving schools has been fined £4.2 million by the Competition and Markets Authority (CMA) and ordered to refund over 80,000 customers a total of £760,000. The investigation revealed that the total price of driving lessons was not disclosed upfront during online bookings, a practice known as
Read More: AA (AA) and BSM Ordered to Refund £760,000 to Learner Drivers