Argus analyst John Eade raised the firm’s price target on Alcoa (AA) to $73 from $67 and keeps a Buy rating on the shares after it’s Q1 results. Despite near-term tariff challenges, the company has made strategic investments that should benefit margins and enhance production capabilities over the next year, the analyst tells investors in a research note. Long-term demand for aluminum is strong, supported by megatrends such as green and digital transitions and reshoring in North America and Europe, the firm added.
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