Investing to Wealth

Alcoa (AA) stock jumped in today’s session recovering much of yesterday’s 14% loss. The reason for the change in sentiment? According to Reuters the stock was upgraded by analysts at Deutsche Bank and there's speculation the company is ripe for a takeover.In a research note this morning Deutsche Bank analysts said Alcoa was able to raise about $2 billion through asset sales and equity placements for the month of March. The firm upgraded the rating from “sell” to “hold.” Separately Charles Aitken director of Southern Cross Equities said Alcoa could be a good takeover target by global mining giant ...