Alcoa to continue to have positive catalysts, says Stifel After Alcoa reported higher than expected Q1 EPS, Stifel expects the company to benefit from value-added mid and downstream operations, driven by continuing demand from aerospace and growing demand from autos. The firm increased its price target on the shares to $15 from $14 and keeps a Buy rating on the stock.
Alcoa rallies with Freeport-McMoRan, materials sector Shares are up over 5% to $9.33 at time of writing, putting it above downtrend resistance at the 10-day moving average. At that price next resistance is at $9.51. Support is at $9.19.