Market Overview

Morgan Stanley Focuses on End Market Outlook for Alcoa

Share:
Related AA
Alcoa Facing Resistance: A Technical Look
Bank Of America Downgrades Alcoa, Cites 'Worsening Aluminum Fundamentals'
Alcoa: Well-Positioned to Benefit From Aluminum Market Dynamics (GuruFocus)

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, “Alcoa's GRP & EPS segments are very well positioned to capitalize on emerging trends in global aerospace & automotive markets. Improvement in upstream margins to last 10-year average could increase annual earnings to above $1 per share and benefit shares, but the timing of recovery in upstream remains uncertain. (MS Commodity team forecasts aluminum prices below $0.90/lb for 2014-16). Bull case upside risk (bauxite market tightens, higher premiums than our base case, further multiple expansion on auto body sheet growth opportunities & aerospace exposure) leaves us EW.”

Alcoa closed on Monday at $12.87.

Latest Ratings for AA

DateFirmActionFromTo
Mar 2015Bank of AmericaDowngradesBuyNeutral
Feb 2015JP MorganDowngradesOverweightNeutral
Jan 2015JP MorganMaintainsOverweight

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...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→