Benzinga | Sep 16, 2020 10:15AM EDT

Why Alcoa's Stock Is Trading Higher Today

Alcoa (NYSE:AA) shares are trading higher on Wednesday after Credit Suisse maintained its Outperform rating and raised its price target from $17 to $18 per share.

Alcoa is a vertically integrated aluminum company involved in every phase of aluminum production, including bauxite mining, alumina refining, and the manufacture of primary aluminum. It is the world's largest bauxite miner and alumina refiner by production volume, and its profits are closely tied to prevailing commodity prices along the aluminum supply chain.

Alcoa shares were up 1.38% at $13.97 at the time of publication on Wednesday. The stock has a 52-week high of $23.46 and a 52-week low of $5.16.

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