Alcoa Stock Upgraded: What You Need to Know
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope....
President Donald Trump's trade war with China has been largely bad news for a number of stocks, but for one company in particular -- Alcoa (NYSE: AA) -- that trade war pales in comparison to the "trade peace" with Canada and Mexico.
It's been nearly four months since the Trump administration announced it was lifting tariffs on steel and aluminum imports from America's neighbors to the immediate north and south. In the months following that announcement, shares of Alcoa lost as much as 32% of their value -- part of the stock's roughly 50% decline in value over the past year.
Source Fool.com
