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Alcoa price target lowered to $32 from $47 at UBS

UBS lowered the firm’s price target on Alcoa (AA) to $32 from $47 and keeps a Buy rating on the shares. The firm cut industrial commodity forecasts in 2025 and 2026 due to the trade war, but adds that it remains constructive on gold and still expects copper and aluminum to recover medium-term.

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