NEW YORK (TheStreet) -- Alcoa (AA) price target was increased to $15 from $13.50 by analysts at UBS (UBS) while maintaining their "neutral" rating on the company's shares.
The upgraded outlook follows the light weight metal producer's proposed acquisition of Firth Rixson, a provider of seamless rolled rings.
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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."
Highlights from the analysis by TheStreet Ratings Team goes as follows: