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

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In a report published Tuesday, Credit Suisse analyst J. Mitchell initiated coverage on Constellium (NYSE: 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.

Latest Ratings for CSTM

DateFirmActionFromTo
Nov 2014Morgan StanleyMaintainsOverweight
Nov 2014Credit SuisseMaintainsNeutral
Nov 2014JP MorganMaintainsOverweight

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Posted-In: Credit Suisse J. MitchellAnalyst Color Initiation Analyst Ratings

 

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