UBS initiated coverage of Constellium with a Buy rating and $27 price target. Constellium has superior medium-term organic growth vs. peers supported by leverage to the aerospace cycle, and secular growth evident in packaging and electric vehicles, the analyst tells investors in a research note. The firm is modeling revenue growth of 6%-10% in 2025-2026E, with EBITDA margins of 11% vs. 8% in 2022.
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