BMO Capital analyst Katja Jancic maintains $Constellium (CSTM.US)$ with a buy rating, and adjusts the target price from $22 to $18.
According to TipRanks data, the analyst has a success rate of 75.5% and a total average return of 18.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Constellium (CSTM.US)$'s main analysts recently are as follows:
Constellium's recent Q3 results were considered disappointing, affected by a weakening demand outlook across the majority of its end markets, with the exception of packaging. The challenges faced by the company are expected to continue over the next few quarters.
Constellium has been experiencing a challenging period marked by subpar Q3 outcomes, influenced by a softening in end markets and supply chain obstacles. However, these issues are considered to be temporary fluctuations rather than long-term concerns. The company's stock now requires demonstrable progress, which may need time to materialize. Despite recent market reactions, it is believed that the extent of the sell-off was excessive.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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