Market Overview

Morgan Stanley Sees Full Valuation, Supportive Factors for Alcoa

Share:
Related AA
Why Cleveland Research Is Initiating Alcoa At Neutral
Top 4 Stocks In The Aluminum Industry With The Highest Gross Margin
My Top Metals And Mining Stocks For 2015 (Seeking Alpha)

In a report published Tuesday, Morgan Stanley analyst Paretosh Misra reiterated an Equal-Weight rating on Alcoa (NYSE: AA).

In the report, Morgan Stanley noted, “We think AA shares are fully valued & overall aluminum fundamentals remain challenging. That said, we see 3 near-term supportive factors: i) 1Q cons. is too low, ii) many investors focused on 2020 auto sheet demand growth story & less concerned with near-term earnings, & iii) risk to bauxite supply.”

Alcoa closed on Monday at $11.94.

Latest Ratings for AA

DateFirmActionFromTo
Apr 2015Cleveland ResearchInitiates Coverage onNeutral
Apr 2015CitigroupMaintainsBuy
Apr 2015CitigroupMaintainsBuy

View More Analyst Ratings for AA
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Paretosh MisraAnalyst Color Reiteration Analyst Ratings

 

Related Articles (AA)

Around the Web, We're Loving...