Morgan Stanley Sees Good Market Position for Alcoa

In a report published Monday, Morgan Stanley analyst Paretosh Misra reiterated an Equal-Weight rating on Alcoa 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.
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Posted In: Analyst ColorReiterationAnalyst RatingsMorgan StanleyParetosh Misra
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