Institution Rating | UBS: Raises Alcoa target price to $80 and upgrades rating to "Buy"
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Glonghui, May 25｜UBS has upgraded its rating on Alcoa from "Neutral" to "Buy" and raised the target price from $75 to $80. The bank pointed out that the long-term expected restrictions on Middle Eastern aluminum production will keep aluminum prices and premiums at high levels in the coming years.
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