Bank of America Upgrades Alcoa To Buy, Shares Rise

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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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Posted In: UpgradesAnalyst RatingsBank of America
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