UPDATE: Deutsche Bank Reiterates On Constellium NV As Outlook Improves

In a report published Monday, Deutsche Bank analyst Greg Poole reiterated a Buy rating on Constellium NV CSTM, and raised the price target from $32.00 to $35.00. In the report, Deutsche Bank noted, “Raising Price Target by $3/share as outlook improves. Following 1Q14 results, we have updated our model to reflect Constellium's additional planned investments in Body-in-White (BiW), Aerospace and Auto Structures. These fast-growing sectors generate higher margins than the company's traditional product lines. We have incorporated additional planned Aluminum Lithium casthouses and Constellium's recently announced JV in the US with UACJ into our forecasts. The company's continued rebalancing toward higher growth segments and recent Balance Sheet improvements lead us to increase our PT by $3 to $35. Re-iterate Buy.” Constellium NV closed on Friday at $29.91.