Alcoa Corporation Review by Deutsche Bank, Raises Near-Term Aluminum Forecasts
<p>Analysts at Deutsche Bank provided their views on <a href='https://financialmodelingprep.com/financial-summary/AA'>Alcoa Corporation (NYSE:AA)</a>, raising their near-term aluminum forecasts and moving their price target to $90 from $65 while maintaining their hold rating. </p>
<p>Currently, Russian aluminum metal is not subject to any direct sanctions. However, the analysts mentioned that the impact of existing sanctions on some Russian financial institutions, suspension of production at the 1.7mtpa Ukrainian Nikolaev alumina refinery and "self-sanctioning" by market participants to avoid reputation damage are having a significant impact on supply chains, as reflected in the sharply higher metal prices.</p>

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