Alcoa Corporation (NYSE:AA) faces margin pressure as aluminum prices slide about 18% from recent highs and a 50% tariff raises costs, while low‑cost Canadian hydropower gives rivals an edge; UBS kept a Buy but trimmed its price target to $68 from $80.
Previous Week Recap
- Alcoa Aluminum Prices Drop, Tariff Pressure: Alcoa (AA) saw aluminum prices drop ~18% from recent highs. A 50% tariff pressures margins, while Canadian smelters' low-cost hydropower gives them a regional cost edge.
- UBS Keeps Buy On Alcoa, PT Trimmed: UBS kept a Buy on Alcoa (AA) but cut its price target to $68 from $80; rating unchanged, target lowered.
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