KeyBanc initiated coverage of Kaiser Aluminum (KALU) with an Overweight rating and $170 price target The company is a manufacturer of semi-fabricated specialty aluminum products weighted to end markets featuring “demanding applications and high barriers to entry,” the analyst tells investors in a research note. The firm expects the company’s growth capex cycle to show returns in 2026. Tariffs are driving historically strong aluminum pricing, adds KeyBanc.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KALU:
- Kaiser Aluminum price target raised to $137 from $125 at Wells Fargo
- Kaiser Aluminum Declares Quarterly Dividend, Signals Ongoing Confidence
- Trump Trade: U.S. strengthens tariffs on steel, aluminum, copper imports
- White House strengthens tariffs on steel, aluminum, and copper imports
- Trump Trade: President says Iran war will still take weeks