Goldman Sachs Starts Constellium (CSTM) at Buy

July 2, 2013 8:43 AM EDT
Get Alerts CSTM Hot Sheet
Price: $7.00 --0%

Rating Summary:
    12 Buy, 4 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 3 | Down: 5 | New: 17
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Goldman Sachs initiated coverage on Constellium (NYSE: CSTM) with a Buy rating and a price target of $21.00.

Analyst Sal Tharani said, "We see CSTM as one of the best-positioned companies in our coverage with exposure to strong and growing aerospace markets, and a solid beneficiary of the rising steel-to-aluminum substitution in the automotive industry. Its strong position in the stable and modestly growing European beverage can market limits the volatility of earnings through the cycle."

For an analyst ratings summary and ratings history on Constellium (NYSE: CSTM) click here. For more ratings news on Constellium click here.

Shares of Constellium closed at $16.25 yesterday.

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