Trump Says Aluminum Prices are Down Despite Tariffs

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Go back to Trump Says Aluminum Prices are Down Despite Tariffs

Alcoa (AA) To benefit From Sanctions on Rusal, Possible 301 Tariffs - Morgan Stanley

April 9, 2018 12:18 PM EDT

Morgan Stanley maintains Overweight on Alcoa (NYSE: AA) price target of $55.00.

Analyst Piyush Sood expects Alcoa to benefit from higher mid-west premiums, sanctions on the Russian aluminum producer Rusal and possible 301 tariffs. Shares rose more than 7% Monday to a intraday high of... More

UPDATE: Alcoa (AA) PT Lowered to $57at Citi on 1Q Earnings Preview: 'Thesis Remains Intact, Buy... Positive L-T View on Aluminum'

April 9, 2018 5:59 AM EDT

(Updated - April 9, 2018 6:49 AM EDT)

(updated to correct price target action)

Citi lowered its price target on Alcoa (NYSE: AA) to $57.00 (from $65.00) while maintaining a Buy rating, ahead of the company's first quarter earnings announcement.

Analyst Alexandar Hacking notes... More