Morgan Stanley Downgrades Alcoa (AA) to Equal Weight Following Outperformance, Balanced Risk-Reward

Alcoa Corporation (NYSE:AA) is one of the cheap hot stocks to invest in right now. On January 27, Morgan Stanley downgraded Alcoa to Equal Weight from Overweight, while raising its price target to $64 from $52. The firm noted that while the company continues to benefit from high aluminum prices on the London Metal Exchange, […]