Alcoa Hiked to Buy at Deutsche Bank; $22 PT

Описание: Alcoa Inc. (NYSE:AA) was raised from Hold to Buy at Deutsche Bank AG (NYSE:DB) on Monday.

Deutsche Bank has a $22.00 price target set on the firm.

Shares of Alcoa are trading 4.65% higher on the news, at $16.10.

Alcoa had sales growth of 0.1% during the last fiscal year.

The company has reported $20.8 billion in sales over the past 12 months and is expected to report $23.6 billion in sales in the next fiscal year.

Alcoa has a potential upside of 5.3% based on a current price of $16.07, and an average consensus analyst price target of $16.92.