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UPDATE: Stifel Reiterates On Alcoa Inc On Raised 3Q14 EPS Estimates

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In a report published Thursday, Stifel analyst Paul Massoud reiterated a Buy rating on Alcoa Inc (NYSE: 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.

Latest Ratings for AA

DateFirmActionFromTo
Mar 2022Deutsche BankMaintainsHold
Mar 2022JefferiesMaintainsBuy
Mar 2022JP MorganMaintainsOverweight

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