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Fly News Breaks for March 23, 2017
CSTM
Mar 23, 2017 | 07:39 EDT
Credit Suisse analyst Curt Woodworth believes Constellium has reached in inflection point both in terms of its capital spending and growth curve as well as with regard to investor perception. The analyst has increased conviction that the company can deliver on its high single digit EBITDA growth targets over the medium term and likely exceed them. Despite recent investor concerns regarding weak guidance and macro fears, Woodworth sees Constellium "uniquely positioned" to grow across all its primary business segments though 2019. He reiterates an Outperform rating and $10 price target on the shares.