Weekly | Is $AAI Leading the ASX Rally This Week?
@ASX_Stars:
As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 8,614.10 on Friday, up 1.44% in the past 5 days.1. $Alcoa Corp(AAI.AU)$ +14.97%Alcoa announced its intention to redeem $141 million of its high-yield 5.500% notes due in 2027 ahead of schedule . This move, funded by cash on hand, is seen as a disciplined capital management strategy that will reduce interest costs and strengthen the balance sheet.The stock's rise coincided with a recent upgrade from Zacks Research to a "Strong-Buy" rating . This positive outlook from analysts, coupled with a general "Moderate Buy" consensus and rising price targets from other firms, likely contributed to the bullish momentum.The price surge was accompanied
