Will This Upgrade Have A Positive Affect On Alcoa (AA) Stock Today?

NEW YORK (TheStreet) --Alcoa Inc. (AA) was upgraded to "market perform" from "underperform" at BMO Capital on Friday.

The firm said it upgraded the company, which is engaged in lightweight metal products and solutions, due to an estimated increase in aluminum prices and demand.

BMO Capital raised its price target on the stock to $14 from $10.

Shares of Alcoa are up 0.50% to $14.08 in pre-market trading this morning.

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Separately, TheStreet Ratings team rates ALCOA INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate ALCOA INC (AA) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. Among the primary strengths of the company is its solid stock price performance. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow."

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