BofA analyst Lawson Winder raised the firm’s price target on Alcoa (AA) to $27 from $26 and keeps an Underperform rating on the shares. The firm raised its Q3 EBITDA forecast to $328M from $205M on higher mark-to-market alumina and aluminum pricing after Alcoa reported Q2 adjusted EBITDA of $313M, which was above BofA’s forecast and the Bloomberg consensus figure.
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