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Benzinga
Benzinga
Business
Priya Nigam

Why BofA Bullish Is On Aluminum, Reinstating Buy Rating For Alcoa

Alcoa AA Alcoa Corp BofA Securities Europe NYSE Russia

Alcoa Corp (NYSE:AA) aims to become first quartile in aluminum by 2024, while the sentiment is bullish for aluminum due to capped Chinese supply, potential risks on Russia’s supply and Europe facing supply headwinds due to high energy costs, according to BofA Securities.

The Alcoa Analyst: Lawson Winder reinstated coverage of Alcoa with a Buy rating and a price target of $89.

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