Morgan Stanley lowered the firm’s price target on Alcoa to $43 from $47 and keeps an Equal Weight rating on the shares after updating estimates to incorporate the latest company guidance following Q1 earnings and marked to market Q2 commodity prices.
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Published first on TheFly
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Read More on AA:
- Alcoa price target lowered to $43 from $44 at B. Riley
- Alcoa price target lowered to $40 from $45 at BMO Capital
- Alcoa backs 2023 alumina, aluminum shipment guidance
- Alcoa reports Q1 alumina production down 9% from Q4
- Alcoa reports Q1 adjusted EBITDA $240M vs. $1.07B last year
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