Analysts at Bank of America upgraded Alcoa AA from Neutral to Buy.
The target price for Alcoa has been raised from $16 to $18.
Alcoa shares have jumped 94.98% over the past 52 weeks, while the S&P 500 index has gained 16.68% in the same period.
Alcoa's shares rose 1% to $16.09 in pre-market trading.
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