More gains ahead for Alcoa in 2017 even after run-up, analyst says

|About: Alcoa Corporation (AA)|By:, SA News Editor

Alcoa (NYSE:AA) ranks as Gabelli analyst Justin Bergner's top stock pick for 2017 despite surging 40% since Nov. 1, believing the company's upside is minimally contingent on U.S. fiscal policy given its modest domestic exposure.

The analyst particularly likes Alcoa's "unmatchable, un-replicable position" as the largest bauxite/alumina producer, while also having hydro heavy energy assets and above average cast house exposure.

Potential catalysts may come soon by way of a Reverse Morris Trust with Rio Tinto (NYSE:RIO) or a merger with South32 (OTCPK:SOUHY), Bergner speculates.

Subscribe for full text news in your inbox