Northland Capital Markets Starts Constellium (CSTM) at Outperform

Northland Capital Markets analyst Gus Richard initiates coverage on Constellium (NYSE: CSTM) with a Outperform rating and a price target of $19.00.

The analyst comments "Constellium is a supplier of rolled and extruded aluminum products for the packaging, automotive, and aerospace markets. We expect demand for CSTM products to inflect higher as beverage packaging shifts from plastic to aluminum and as auto OEMs replace steel with aluminum to improve efficiency. In addition, rolled aluminum capacity hasn't been added in NA or Europe for over 25 years. We believe as demand increases, there is an opportunity for price increases which we have not modeled."

For an analyst ratings summary and ratings history on Constellium click here. For more ratings news on Constellium click here.

Shares of Constellium closed at $13.28 yesterday.

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