Alcoa Analyst Boosts Price Target: Growth Strategy Hinges On Kwinana Savings, San Ciprian Resolution
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 17 2024
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Source: Benzinga
Alcoa's Financial Performance: Alcoa Corporation reported third-quarter sales of $2.904 billion, missing expectations, but its adjusted EPS of $0.57 exceeded forecasts. Shares fell 3.73% following the announcement.
Analyst Outlook: JPMorgan analyst Bill Peterson raised the price target for Alcoa while maintaining a Neutral rating, citing future growth dependent on operational efficiencies and external factors like alumina pricing and fiscal stimulus from China.
Analyst Views on PWER
Wall Street analysts forecast PWER stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PWER is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 38.411
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Current: 38.411
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
