Recently, Zacks.com users have been paying close attention to Alcoa (AA). This makes it worthwhile to examine what the stock has in store.
An upgrade doesn’t have to be a Buy recommendation for a stock to move. Shares of Alcoa rose on Monday after Morgan Stanley analyst Carlos De Alba changed his rating on the stock to Hold from Sell. “We now see a more balanced risk-reward for Alcoa given the continued progress on cost-saving measures, reduced uncertainty on the path to resolving bauxite mining issues in Western Australia, and potentially more [Inflation Reduction Act] benefits to come,” wrote De Alba in a Monday report.
Hello, Reader. Back in 1957, constructing a “futuristic” all-aluminum house probably sounded like a fantastic idea. By extension, investing in aluminum probably sounded like a good idea as well. But neither one of these opportunities created fortunes.InvestorPlace - Stock Market News, Stock Advice & Trading Tips The Minnesota house pictured below was one of 24 “Carefree” homes that the Alcoa Corp. (AA) Alcoa Aluminum Co. commissioned in the late 1950s. To highlight the marvels of aluminum, Alcoa