Morgan Stanley analyst Carlos De Alba maintains $Alcoa (AA.US)$ with a buy rating, and adjusts the target price from $48 to $49.
According to TipRanks data, the analyst has a success rate of 56.6% and a total average return of 16.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Alcoa (AA.US)$'s main analysts recently are as follows:
Following the update of estimates to include the most recent company guidance post-Q3 earnings and the adjustment of 4Q24-1Q25 commodity prices, there is an anticipation of further upside to earnings based on current spot prices.
The firm's assessment of Alcoa following its Q3 report is that the notable EBITDA enhancement was a result of elevated alumina pricing, raw materials, and energy costs, somewhat balanced by a dip in aluminum pricing and currency effects. The analyst notes that with Alcoa advancing towards a resolution on San Ciprian, the stock has been removed from the firm's 'Positive Catalyst Watch'.
Following Alcoa's third-quarter earnings surpassing expectations, near-term estimates have been adjusted to reflect current alumina prices, with projections for the fourth quarter anticipated to show further improvements. Alcoa is considered to be in a favorable position to take advantage of the robust alumina pricing climate.
Note:
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