UPDATE: Cowen Upgrades Arconic (ARNC) to Outperform

October 14, 2019 5:52 AM EDT
Get Alerts ARNC Hot Sheet
Price: $33.34 +1.86%

Rating Summary:
    11 Buy, 4 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
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(Updated - October 14, 2019 6:19 AM EDT)

(updated to add analyst comment)

Cowen analyst Gautam Khanna upgraded Arconic (NYSE: ARNC) from Market Perform to Outperform with a price target of $31.00 (from $26.00).

The analyst comments "The firm's rising FCF renders its low valuation on EV/EBITDA, which was rooted in the firm's historically poor FCF/EBITDA, an artifact that no longer should apply."

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

Shares of Arconic closed at $26.45 yesterday.

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