Cowen & Co. Reaffirms Their Hold Rating on Arconic Inc

By Jason Carr

Cowen & Co. analyst Gautam Khanna reiterated a Hold rating on Arconic Inc (NYSE: ARNC) today and set a price target of $25. The company’s shares opened today at $22.67.

Khanna noted:

“ARNC’s role in the Grenfell Tower fire raises questions about the firm’s broader.”

According to TipRanks.com, Khanna is a 4-star analyst with an average return of 8.1% and a 67.3% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Acacia Communications, Transdigm Group Inc, and Huntington Ingalls.

Arconic Inc has an analyst consensus of Moderate Buy, with a price target consensus of $27.50.

The company has a one year high of $30.69 and a one year low of $8.63. Currently, Arconic Inc has an average volume of 3.26M.

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Alcoa, Inc. engages in the lightweight metals engineering and manufacturing. Its products are used worldwide in aircraft, automobiles, commercial transportation, packaging, oil and gas, defense, and industrial applications.