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Alcoa (NYSE:AA) Receives Average Recommendation of "Hold" from Brokerages
Alcoa (NYSE:AA) has an average “Hold” rating from twelve analysts, with a mean 12-month price target of $50.45, despite some recent upgrades. Institutional investors, including Mirabella Financial Services LLP and Bank of New York Mellon Corp, significantly increased their holdings in the company. Alcoa recently exceeded quarterly EPS estimates, reporting $1.26 versus $0.95, and its shares opened at $71.49, near its 12-month high.