Alcoa reached the target price from our last report as the company reported a stellar result with its highest-ever quarterly net income since the time when the company was spun-off in 2016. The upstream aluminum giant witnessed a staggering 60% jump in the average aluminum prices which helped deliver a blowout result. Demand for aluminum remains strong across the globe, particularly in the Chinese markets which is why the prices are not expected to slow down. Alcoa’s management expects the stron ....
