Deutsche Bank Upgrades Alcoa (AA) to Hold

Deutsche Bank upgraded Alcoa (NYSE: AA) from Sell to Hold with a price target of $10.00 (from $7.50).

Analyst Jorge Beristain comments, "The increase in PT is to now reflect higher realized aluminum prices for the foreseeable future, but continue to believe down-side risk remains given the increasingly “black-box” nature of regional premia price support."

For an analyst ratings summary and ratings history on Alcoa click here. For more ratings news on Alcoa click here.

Shares of Alcoa closed at $12.63 yesterday.

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