Seeking Alpha

Alcoa soars to 52-week highs as more analysts praise strong Q2

  • More analysts weigh in with praise for Alcoa's (AA +5.4%) Q2 earnings beat.
  • Sterne Agee maintains its Buy rating and $18 price target, as Alcoa is executing on the fundamental themes, and the pace of activity across the board for aerospace, automotive and cost containment is picking up.
  • Argus raises its price target to $18 from $15, seeing the focus on higher margin products as an appropriate strategy for Alcoa, which continues to face risks from excess global smelting capacity; the firm also believes AA could eventually spin off its commodity alumina and aluminum businesses (Briefing.com).
  • RBC is more cautious on the sustainability of the strong power sales in the quarter, as it maintains its Sector Perform rating and $16 price target.
  • Earlier: Alcoa up after strong Q2 results, optimistic outlook
Comments (1)
  • freeman8201
    , contributor
    Comments (553) | Send Message
     
    (CENX) all the way!
    9 Jul, 02:55 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|