Constellium price target raised to $25 from $22 at BMO Capital

BMO Capital analyst Katja Jancic raised the firm’s price target on Constellium to $25 from $22 and keeps an Outperform rating on the shares. The company remains on track to reach its longer-term targets despite some near-term challenges, the analyst tells investors in a research note. With leverage now within the targeted range, Constellium is better positioned to commence a shift to a more balanced capital allocation strategy, the firm added.