J.P. Morgan analyst Bill Peterson maintains $Constellium (CSTM.US)$ with a buy rating, and adjusts the target price from $25 to $24.
According to TipRanks data, the analyst has a success rate of 35.2% and a total average return of -9.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Constellium (CSTM.US)$'s main analysts recently are as follows:
The firm has adjusted its estimates for Constellium in anticipation of the third-quarter report, citing challenges within the aerospace supply chain and emerging concerns in auto demand. This outlook takes into account the potential for guidance revisions from North America aluminum companies.
With a range of commodity prices beginning to show an upward trajectory, alongside falling interest rates, discussions around stimulus efforts in China, and ongoing mergers and acquisitions, the projected sequential downturn in earnings for the sector is anticipated to have a diminished impact.
Note:
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