Market Overview

Morgan Stanley Sees Good Market Position For Alcoa

Related AA
Can the Uptrend Continue for Alcoa (AA)? - Tale of the Tape
Alcoa Inks $1.1B Supply Pact with Pratt & Whitney
Whitman Named Chairman of HP's Board (Fox Business)

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

In the report, Morgan Stanley noted, “Maintaining 2Qe EPS at $0.13. We think 3Q EPS could be modestly above 2Q, as stronger pricing in primary metals, along with contributions from Ma'aden & Davenport are partially offset by weaker alumina pricing & seasonal weakness. Raising base case to $13 on higher aluminum premiums.”

Alcoa closed on Friday at $14.62.

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

 

Most Popular

Related Articles (AA)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free