The Zhitong Finance App learned that a research report released by Wall Street financial giant Jefferies (Jefferies) after a recent meeting with Alcoa (AA.US) executives shows that Alcoa's business complexity and execution risk over the past few years have weighed down valuations, while AliGroup acquisitions, pre-delivery cash accumulation, progress in Western Australian mining approval, and improvements in existing asset cash conversion capabilities are expected to drive valuation repair. The bank maintains a positive stance on aluminum prices, while being relatively neutral on alumina. It reaffirms Alcoa's “buy” rating and gives a target price of $60, which is 53.1% higher than the research report showed last Friday's closing price of $39.19.

The Zhitong Finance App learned that a research report released by Wall Street financial giant Jefferies (Jefferies) after a recent meeting with Alcoa (AA.US) executives shows that Alcoa's business complexity and execution risk over the past few years have weighed down valuations, while AliGroup acquisitions, pre-delivery cash accumulation, progress in Western Australian mining approval, and improvements in existing asset cash conversion capabilities are expected to drive valuation repair. The bank maintains a positive stance on aluminum prices, while being relatively neutral on alumina. It reaffirms Alcoa's “buy” rating and gives a target price of $60, which is 53.1% higher than the research report showed last Friday's closing price of $39.19.