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(See Arconic stock analysis on TipRanks) On April 23, J. P. Morgan analyst Michael Glick initiated coverage on the stock with a Hold rating and a $28 price target (5% potential downside).
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Let's take a look into the factors that make Arconic (ARNC) stock a compelling choice at the moment.
Arconic (ARNC) is well placed to gain from strong growth across its key end-markets and operational improvement actions.
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Arconic Inc. would be renamed Howmet Aerospace Inc. and a new company, Arconic Corporation, would be set up and spun out tax free from Arconic Inc. [30] The new Arconic Corporation would be focused on rolled aluminium products and Howmet Aerospace on engineered products. [31] The separation was completed effective April 1, 2020. [1] [32]
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