Wells Fargo Upgrades Alcoa as Analyst Sees Further Stock Gains Amid Rising Aluminum Prices

Wells Fargo analyst Timna Tanners upgraded Alcoa to 'overweight' from 'equal weight,' citing strong aluminum prices and potential asset monetization. The analyst raised the price target to $70, implying a 10.7% upside. Alcoa shares have surged 19% in 2026, outperforming the S&P 500.

By Fred Imbert · CNBC · May 7, 2026, 10:58 UTC

Tickers: $AA

Topics: Alcoa Aluminum Prices Analyst Report Investor Strategy Stock Upgrade

Read the full article at CNBC

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