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Citigroup Analyst Reiterates Buy Rating on Alcoa, AA


Alexander Hacking
analyst at Citigroup reiterates coverage on Alcoa (AA) in the Basic Materials sector with a Buy rating. TipRanks.com has Hacking rated as a 4.7 star analyst with a 65% return on investment and a 23.6% success rate. Hacking has set a price target of $70.

TipRanks.com reports that Alcoa currently has 12 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $67.75. The target pricing ranges from a high forecast of $78.00 down to a low forecast of $55.00. Alcoa (AA)’s last closing price was $58.47 which would put the average price target at 15.87% upside.

In addition, TradingView issued a Neutral rating for AA over the next month, Barchart.com has a Strong buy rating and Yahoo! Finance has a Bullish short-term outlook. Remember, securities are volatile, so please do your own research on AA.

Other analysts covering AA include:
  • David Coleman of Argus Research issued a Buy rating with the price target of $68 on 14 hours ago
  • Lucas Pipes of B.Riley Financial issued a Hold rating with the price target of $55 on 1 day ago
  • Carlos De Alba of Morgan Stanley issued a Buy rating with the price target of $66 on 1 day ago
  • Emily Chieng of Goldman Sachs issued a Buy rating with the price target of $78 on 1 day ago
If you are interest in stocks like AA or stocks in the Basic Materials sector, please click here.

TipRanks.com tracks and measures the performance of over 50,000 financial experts. The TipRanks Star Ranking TM is calculated based on expert success rate, average return and statistical significance. Get more from TipRanks.com here >>

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