Jefferies Starts Alcoa (AA) at Buy
Tweet
Share
E-mailGet Alerts AA Hot Sheet
Price: $49.97 -2.12%
Rating Summary:
20 Buy, 13 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 9 | Down: 7 | New: 5
Rating Summary:
20 Buy, 13 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 9 | Down: 7 | New: 5
Join SI Premium – FREE
Jefferies initiates coverage on Alcoa (NYSE: AA) with a Buy and $16 price target.
The firm said after years of underperformance, Alcoa's multiple has contracted to a much more reasonable level and earnings expectations now seem much more reasonable. In addition, after many years of aggressive capital spending, Alcoa's assets are now much more competitive. With free cash flow expected to improve substantially, the board could approve a much more attractive dividend.
For more ratings news on Alcoa click here and for the rating history of Alcoa click here.
Shares of Alcoa closed at $12.04 yesterday.
The firm said after years of underperformance, Alcoa's multiple has contracted to a much more reasonable level and earnings expectations now seem much more reasonable. In addition, after many years of aggressive capital spending, Alcoa's assets are now much more competitive. With free cash flow expected to improve substantially, the board could approve a much more attractive dividend.
For more ratings news on Alcoa click here and for the rating history of Alcoa click here.
Shares of Alcoa closed at $12.04 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- EU proposes to curb Airbnb and short-term rentals amid housing shortage
- Broadcom Limited (AVGO) PT Lowered to $350 at DA Davidson
- Ardent Health revises 2025 non-GAAP figures after SEC staff talks
Create E-mail Alert Related Categories
New CoverageRelated Entities
Jefferies & Co, Dividend, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
