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Alcoa Up 2% Amid Nomura Upgrade Ahead Of Q4 Earnings Report

By Insider Scoop
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Courtesy of Benzinga.

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Shares of Alcoa Inc (NYSE: AA) moved higher in Monday’s premarket ahead of the company’s Q4 earnings release.

Adding to the momentum was an upgrade at Nomura from Neutral to Buy. The firm also raised its price target from $15 to $23.

The Nomura upgrade follows Morgan Stanley’s positive earnings preview in December.

Alcoa recently traded at $16.44, up 2.05 percent.

Latest Ratings for AA

Date Firm Action From To
Jan 2015 Nomura Upgrades Neutral Buy
Dec 2014 Wells Fargo Initiates Coverage on Outperform
Dec 2014 Citigroup Maintains Neutral

View More Analyst Ratings for AA
View the Latest Analyst Ratings

Posted-In: Morgan Stanley NomuraAnalyst Color Upgrades Price Target Analyst Ratings

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