UPDATE: Credit Suisse Initiates Constellium on Cheap Play and Margin Self-Help

In a report published Tuesday, Credit Suisse analyst J. Mitchell initiated coverage on Constellium CSTM with a rating of Outperform and a $20 price target.

In the report, Credit Suisse noted, “We think the stock offers an attractive combination of high exposure to growth markets in Aerospace and substantial self-help potential (margin expansion), coupled with a cheap valuation.”

Constellium closed on Monday at $16.25.