Jefferies upgrades Alcoa to buy, says aluminum stock can jump 28%

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Jesse Pound@/in/jesse-pound@jesserpound
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A worker loads an aluminum coil onto a loading dock at the Arconic manufacturing facility in Alcoa, Tennessee.
Luke Sharrett | Bloomberg | Getty Images

Aluminum company Alcoa will continue to be a winner for investors as the metal becomes a more integral part of the global economy, according to investment firm Jefferies.