In a report published Monday, Credit Suisse analyst Julian Mitchell downgraded the rating on Constellium NV CSTM from Outperform to Neutral, and lowered the price target from $33.00 to $32.00.
In the report, Credit Suisse noted, “After re-evaluating CSTM, we lower our rating to Neutral and our TP to $32 (from Outperform / $33). We think consensus forecasts embed a very optimistic scenario around Auto and Aerospace aluminum penetration gains, and would take profits following the strong run-up in the stock.”
Constellium NV closed on Friday at $30.24.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in