Alcoa price target raised to $78 from $44 at B. Riley

B. Riley analyst Nick Giles raised the firm’s price target on Alcoa (AA) to $78 from $44 and keeps a Buy rating on the shares. The company reported a solid Q4 beat and is well positioned for a strong 2026, the analyst tells investors in a research note. The firm says Alcoa plans to direct excess 2026 cash flow toward additional debt reduction while retaining the flexibility to evaluate shareholder returns. Riley cites a revised commodity price deck for the target boost.