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Fly News Breaks for June 23, 2015
CSTM
Jun 23, 2015 | 07:49 EDT
JPMorgan sees "meaningful" upside for Constellium shares following the 29% pullback since the company reported earnings on May 14. Not reaffirming guidance for Wise for impacted the stock, the firm tells investors. Nonetheless, JPMorgan continues to view Constellium as a way to play the strong demand for aluminum from the auto and aerospace industries. It lowered its price target for shares to $17 from $22 and keeps an Overweight rating on the name.
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