Alcoa (AA.US) shares traded lower on Thursday, dropping more than 6% to $58.65 at the time of writing. The decline followed an analyst report from JPMorgan, where Bill Peterson downgraded the stock to "Sell." Despite the downgrade, Peterson raised the price target from $45 to $50. The bank cited uncertainty surrounding tariff policies and the stock's relatively high valuation as key reasons for the move.
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