Why Alcoa stock bounced after a JPMorgan downgrade as U.S. aluminium premiums hit records
NEW YORK, Jan 10, 2026, 18:29 EST — Market closed Alcoa Corporation shares ended Friday up 4.2% at $63.67, capping a choppy two-session stretch that started with a sharp drop after a broker downgrade. (Yahoo Finance) The rebound did not erase the fresh skepticism. JPMorgan analyst Bill Peterson cut Alcoa to “underweight” from “neutral” on Thursday, even as he raised his price target to $50 from $45, according to a note circulated by StreetInsider. (StreetInsider.com) The timing matters because the pricing backdrop has shifted fast. U.S. buyers are paying record highs for aluminium, driven by tariffs and unusually low domestic