This aluminum producer is on fire. Why Wells Fargo sees the stock rising even more

Investors should buy shares of Alcoa as aluminum prices continue to climb, according to Wells Fargo. Analyst Timna Tanners upgraded the aluminum miner and smelter to overweight from equal weight. Her price target of $70, up from $67, implies upside of 10.7% from Wednesday's close. Alcoa shares have outperformed in 2026, soaring 19%. That's well above the S & P 500's 7.6% advance in that time. However, Tanners thinks the strength in the aluminum market is being "underappreciated" by investors. …