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 (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.
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