Morgan Stanley Feels More Constructive on Constellium NV

In a report published Thursday, Morgan Stanley analyst Paretosh Misra reiterated an Overweight rating and $34.00 price target on

. In the report, Morgan Stanley noted, “We attended CSTM Investor Day in New York. Management focused on company's aerospace business and we return more constructive on opportunities for CSTM to benefit from a strong aerospace cycle and increased market penetration of its Airware product.” Constellium NV closed on Wednesday at $29.79.