Arconic (ARNC) Gets a Buy Rating from Cowen & Co.
Cowen & Co. analyst Gautam Khanna maintained a Buy rating on Arconic (ARNC) today and set a price target of $36.00. The company’s shares closed last Monday at $31.71, close to its 52-week high of $34.27.
According to TipRanks.com, Khanna is a 5-star analyst with an average return of 13.7% and a 72.6% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as L3Harris Technologies, Albany International, and Huntington Ingalls.
Arconic has an analyst consensus of Moderate Buy, with a price target consensus of $35.57, a 7.1% upside from current levels. In a report issued on February 18, Argus Research also upgraded the stock to Buy with a $38.00 price target.
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The company has a one-year high of $34.27 and a one-year low of $18.03. Currently, Arconic has an average volume of 3.18M.
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Alcoa Corp. engages in the production of bauxite, alumina, and aluminum products. It operates through the following segments: Bauxite, Alumina, and Aluminum. The Bauxite segment represents the company’ global bauxite mining operations. The Alumina segment includes the company’s worldwide refining system, which processes bauxite into alumina.