There is no change, with ALU edging higher this year even as yields reversed. We see no reason to doubt our view that the stock can squeeze higher into its February report after surging ~30% after its last update. Who wants to be short this time? We are considering adopting a “buy on rumour, sell on fact” attitude if such a move materialises
- We hold ALU in our Active Growth Portfolio, with our target of ~$50 still looking good.
MM is long and bullish ALU short-term
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