<div id="readability-page-1">Alcoa (AA) -3.1% in Thursday's trading as J.P. Morgan downgraded shares to Underweight from Neutral with a $50 price target, viewing the stock's risk-reward as skewed negatively at current valuation following a period of relative outperformance, with shares trading well above ~5x historical levels on spot, and noting forthcoming supply additions in...</div>

<p>Alcoa's shares fell by 3.1% after J.P. Morgan downgraded the stock from Neutral to Underweight, setting a price target of $50. The downgrade reflects concerns over the stock's risk-reward profile at its current valuation, which is significantly above historical levels, and anticipates upcoming supply increases in the aluminum market.</p>

Alcoa cut to sell equivalent at JP Morgan, which prefers copper over aluminum