An exchange traded fund (ETF) tracking the Dow Jones Industrial Average was flat in afternoon trading Monday while Alcoa (NYSE: AA) was the top-performing component after Goldman Sachs analysts said the stock is a buy.
Goldman lifted its rating on Alcoa shares to buy, and boosted its target price on the stock to $22 from $17. The analysts said they expect the stock to rise as the market appreciates the earnings capability of Alcoa and the dynamics of its businesses improve, according to a report.
Alcoa shares added more than 2% after the Goldman upgrade.
Alcoa is a holding in the $10.4 billion SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA). The ETF was little changed for the session at last check.
SPDR Dow Jones Industrial Average ETF
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