Alcoa (AA) Stock Poised for Breakout? Gallium Project, Tariff Relief & $40 Target Stun Investors
Alcoa shares closed at $37.13, with analyst 12-month targets ranging from $42 to $65. The US and Australian governments agreed to fund a gallium plant at Alcoa’s Wagerup refinery, aiming for 100 metric tons per year. Alcoa warned US aluminum tariffs could cut Q3 results by $90 million. The company will hold an Investor Day at the NYSE on Oct. 30.
