Alcoa (AA) Remains Positive on Aluminum Outlook - Goldman Sachs

Goldman Sachs analyst Emily Chieng reiterated a Conviction Buy rating and $63.00 price target on Alcoa (NYSE: AA) after hosing the CFO at the company's Metals and Mining Conference.

Chieng notes the company continues to be positive on the outlook for aluminum due to demand strength from its role in the green transition and supply tightness, primarily from constrained supply in China.

For an analyst ratings summary and ratings history on Alcoa click here. For more ratings news on Alcoa click here.

Shares of Alcoa closed at $48.20 yesterday.

You May Also Be Interested In

• Citi cuts Lowe's price target to $260, keeps Buy rating
• UBS Upgrades Sartorius Stedim Biotech (DIM:FP) (SDMHF) to Buy
• CIENA (CIEN) PT Lowered to $550 at BofA Securities