On June 11, Alcoa rose 5.08% in regular trading, trading at $68.77/share, with turnover of $239 million. The rebound follows Morgan Stanley's report stating that the stock's recent near-10% single-day decline was excessive, reiterating an overweight rating with a $79 price target.

Alcoa had fallen sharply after its CFO warned that the company's alumina unit would be \"underwater\" due to energy disruptions and logistics blockages. The stock had retreated over 15% from its June 2 high of $81.54. Morgan Stanley's positive commentary helped restore market sentiment, with the stock recovering in pre-market before extending gains during regular trading.

Within the Aluminum sector, peers also advanced: Kaiser Aluminum up 6.32%, Constellium up 5.39%, Century Aluminum up 2.49%, and Tredegar up 1.14%, indicating broader sector stabilization. Notably, Jefferies maintains a $100 target and Wells Fargo holds an $82 target, suggesting analysts largely view the pullback as a buying opportunity.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)