Arconisc On verge of multiyear Breakout

Entry level $31.60 = Target price $35.00 = Stop loss $30.00
Arconic price target raised to $35 from $31 at Barclays. Barclays analyst David Strauss raised his price target for Arconic to $35 from $31 saying he sees further share upside as the pending split approaches. Catalysts for the stock include Form 10 filing later this quarter and investor days in February, Strauss tells investors in a research note. He reiterates a Overweight rating
Company profile
Arconic , Inc. engages in the manufacture and engineering of lightweight metals. It operates through the following segments: Global Rolled Products; Engineered Products and Solutions; and Transportation and Construction Solutions. The Global Rolled Products segment produces aluminum sheet and plate. The Engineered Products and Solutions segment include fastening systems (titanium, steel, and nickel superalloys); seamless rolled rings (mostly nickel superalloys); investment castings (nickel superalloys, titanium, and aluminum); and extruded, machined and formed aircraft parts (titanium and aluminum). The Transportation and Construction Solutions segment offers aluminum structural systems, architectural extrusions, and forged aluminum commercial vehicle wheels. The company was founded in 1888 and is headquartered in New York , NY.
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