Alcoa price target raised to $45 at Argus, pullback a buying opportunity

Argus raised the firm’s price target on Alcoa (AA) to $45 from $35 and keeps a Buy rating on the shares. The firm says that despite near-term tariff challenges, the company has made strategic investments that will benefit margins and enhance production capabilities when demand recovers. The recent pullback amid tariff uncertainty and regulatory pressure offers a buying opportunity, the analyst tells investors in a research note.