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Fly News Breaks for June 3, 2015
CSTM
Jun 3, 2015 | 07:52 EDT
UBS lowered its price target on Constellium (CSTM) to $18 from $26 as the firm reduced its profit outlook for its Aerospace and Transportation business and trimmed its outlook on its Packaging and Automotive Rolled Product division. In addition, the firm assumes an equity issue will be needed in the near future. UBS maintained its Buy rating on Constellium shares.
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