Two Analysts Cut Alcoa Price Targets: Freedom Broker to $62, Citigroup to $56
Freedom Broker lowered its Alcoa price target to $62 from $76 and Citigroup to $56 from $76, while keeping Buy ratings, Dow Jones Newswires reports.
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what happened
Dow Jones Newswires, citing Benzinga ratings data, reported two price target revisions for Alcoa shares. Freedom Broker reduced its target to $62 per share from $76. Citigroup cut its target from the same $76 level to $56 and kept its Buy rating in place.
Both actions were published on October 20, 2026, with the Citigroup update timed at 19:12 GMT.
why it matters
For markets this is a routine event, since single target changes rarely move an aluminum producer's shares much. Still, cuts from two brokers at once point to more cautious expectations among analysts. Investors typically weigh such signals against aluminum price trends and the company's upcoming results.
market impact
Alcoa (AA): two lower analyst targets add pressure on sentiment toward the stock
tags
instruments
sources
- Alcoa Price Target Cut to $62.00/Share From $76.00 by Freedom Broker — Dow Jones Newswires, 20 October 2026 at 16:22 UTC
- Alcoa Price Target Cut to $56.00/Share From $76.00 by Citigroup — Dow Jones Newswires, 20 October 2026 at 19:12 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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