Alcoa Makes 'Solid Progress' Addressing Operational Concerns, Analyst Is No Longer Bearish
Alcoa Makes 'Solid Progress' Addressing Operational Concerns, Analyst Is No Longer Bearish
Alcoa Corp (NYSE:AA) reported last week its first-quarter results, with a slight revenue beat.
美铝公司（纽约证券交易所代码：AA）上周公布了第一季度业绩，收入略有增长。
The company is making continuous progress in its cost saving measures, while it is poised for additional IRA (Inflation Reduction Act) benefits, according to Morgan Stanley.
摩根士丹利表示，该公司在成本节约措施方面正在取得持续进展，同时准备获得额外的IRA（通货膨胀减少法案）福利。
The Alcoa Analyst: Carlos De Alba upgraded the rating for Alcoa from Underweight to Equal-Weight, while raising the price target from $28.50 to $36.50.
美铝分析师：卡洛斯·德阿尔巴将美铝的评级从减持上调至同等，同时将目标股价从28.50美元上调至36.50美元。
The Alcoa Thesis: The operational concerns witnessed through 2023 are large behind the company and it has made "solid progress" in the first quarter on cost reduction efforts "as part of an action plan that aims to generate a ~$645m annualized EBITDA uplift when completed in 2025," De Alba said in the upgrade note.
美铝论点：德阿尔巴在升级说明中说，截至2023年的运营担忧已成为该公司的主要运营问题，该公司在第一季度在削减成本方面取得了 “稳步进展”，“这是一项行动计划的一部分，该行动计划旨在在2025年完成后实现约6.45亿美元的年化息税折旧摊销前利润增长”。
Check out other analyst stock ratings.
查看其他分析师股票评级。
"The current aluminum price environment has made the self-help measures easier to execute, in our view," the analyst wrote. He added that the Western Australia (WA) authorities had provided some clarity around the bauxite operations, "removing the uncertainty around these mines."
这位分析师写道：“在我们看来，当前的铝价环境使自助措施更容易执行。”他补充说，西澳大利亚州（WA）当局已经对铝土矿开采提供了一些澄清，“消除了这些矿山的不确定性”。
"Further, the company may benefit from more Inflation Reduction Act tax credits for aluminum if the credits are expanded to include raw materials," De Alba further stated.
德阿尔巴进一步表示：“此外，如果将抵免范围扩大到包括原材料，该公司可能会受益于更多的《通货膨胀减免法》对铝的税收抵免。”
AA Price Action: Shares of Alcoa had risen by 0.25% to $35.61 at the time of publication on Thursday.
AA价格走势：在周四发布时，美铝的股价上涨了0.25％，至35.61美元。
Photo: Shutterstock
照片：Shutterstock