Alcoa Corp. reported Q1 results with a slight revenue beat. Morgan Stanley upgraded Alcoa's rating to Equal-Weight with a $36.50 target price. The company is making progress in cost saving measures and may benefit from IRA tax credits.
American Express (NYSE: AXP) reported Q1 results with 6% card member spending growth. Analysts have mixed views, with some raising PTs and some maintaining ratings.
"Despite a weaker industry outlook, TSMC maintained its overall 2024 revenue guidance and is looking for sequential revenue growth throughout 2024," the analyst wrote.
CSX Corp shares in focus after U.S. Sen. Tommy Tuberville's latest regulatory filing. Key analysts maintain Buy ratings with positive outlook for company's growth targets.