Deutsche Bank raised the firm’s price target on Constellium to $24 from $21 and keeps a Buy rating on the shares ahead of the Q4 report. The analyst says a share buyback likely imminent. Investors have been wanting to see measures for shareholder returns, which could be announced this quarter, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on CSTM:
- First Projects Funded by ConstelliumCARES, the Company’s Newly Launched €1 million Philanthropy Program
- Constellium initiated with a Buy at UBS
- Constellium to showcase solutions for aluminium automotive structures at CES
- Constellium to Showcase Cutting-Edge Solutions for Aluminium Automotive Structures at CES 2024 in Las Vegas
- Constellium price target raised to $25 from $22 at BMO Capital