Alcoa's Selloff: A Cautionary Tale of Market Volatility The recent selloff in Alcoa Corp (NYSE:AA) stock has left investors reeling. Despite this downturn, analysts remain bullish on the company's prospects.
On July 1, B. Riley reiterated its Buy rating and $92 price target for AA, citing synergies and stronger scale from the acquisition of South32's assets. Investors' focus on short term gains may be driving the selloff.
Alcoa's preference for incremental leverage and emphasis on shareholder returns overlooks the long term potential of its business.