What To Know About Morgan Stanley's Upgrade of Alcoa

Morgan Stanley upgraded its rating of Alcoa AA to Overweight with a price target of $66.00, changing its price target from $51.00 to $66.00.

Shares of Alcoa are trading down 2.09% over the last 24 hours, at $42.24 per share.

A move to $66.00 would account for a 56.25% increase from the current share price.

About Alcoa

Alcoa is a vertically integrated aluminum company whose operations include bauxite mining, alumina refining, and the manufacture of primary aluminum. It is the world's largest bauxite miner and alumina refiner by production volume, and its profits are closely tied to prevailing commodity prices along the aluminum supply chain.

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.