JPMorgan upgrades Kaiser Aluminum to Neutral and sets $140 price target
JPMorgan raised its rating on Kaiser Aluminum (KALU) from Underweight to Neutral and lifted its price target to $140. The upgrade follows the company's third‑quarter 2026 results, where adjusted earnings were $1.89 per share, missing estimates by $0.48, while revenue matched forecasts at $1.21 billion. JPMorgan cited short‑term execution issues but expects stronger aerospace demand and pricing power in 2027. The stock has fallen about 29% since the earnings release.
Why it matters
The higher rating and $140 target suggest JPMorgan sees upside potential, which could attract buying interest and support the share price. The firm expects improved pricing power and aerospace demand to boost future earnings.
Key facts
- 1JPMorgan upgraded Kaiser Aluminum to Neutral from Underweight and set a $140 price target. investing.com
- 2Adjusted earnings for Q3 2026 were $1.89 per share, missing estimates of $2.37 by $0.48. investing.com
- 3Revenue for Q3 2026 matched forecasts at $1.21 billion. investing.com
- 4The stock was trading at $107.28 at the time of the upgrade. investing.com
- 5Kaiser Aluminum's share price had declined about 29% since the Q3 results were released. investing.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.