UPDATE: JPMorgan Upgrades Alcoa
January 21, 2014 at 08:27 AM EST
In a report published Tuesday, JPMorgan analyst Brian Ossenbeck upgraded Alcoa (NYSE: AA ), raising its price target to $15.00 from $9.00. According to the report, the upgrade reflects the impact of tightening aluminum markets and rising regional aluminum premiums on earnings. “Our Global Commodities Research team revised their aluminum
