Deutsche Bank lowered the firm’s price target on Arconic to $21 from $23 and keeps a Hold rating on the shares. The analyst remains cautious post the company’s results with its investments further delayed.
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Read More on ARNC:
- Arconic sees FY23 revenue $8B-$8.5B, consensus $8.47B
- Arconic reports Q4 EPS ($2.70) with loss, consensus 28c
- Arconic reports $304M after-tax loss on sale of Russian operations
- U.S. planning 200% tariff on Russian aluminum, Bloomberg reports
- U.S. plans 200% tariff on Russian aluminum, Bloomberg says
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