In a report published Thursday, Stifel analyst Paul Massoud reiterated a Buy rating on Alcoa Inc AA, and raised the price target from $17.00 to $20.00.
In the report, Stifel noted, “We are raising our 3Q14 EPS estimate from $0.20 to $0.24 (vs. the Street consensus of $0.20), reflecting higher expected aluminum price realizations. We are also raising our target price from $17 to $20 on higher price assumptions in 2015. Alcoa plans to report 3Q14 earnings on October 8 after the market close and host a conference call that day at 5PM ET to discuss the results.”
Alcoa Inc closed on Wednesday at $15.90.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in