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Fly News Breaks for November 27, 2017
CSTM
Nov 27, 2017 | 07:49 EDT
As reported previously, Cowen analyst Novid Russell upgraded Constellium to Outperform from Market Perform as the company has driven results that have exceeded expectations this year. The analyst said the company's rapid deleveraging has allowed investors to focus on its significant growth projects, attractive end markets, and valuation discount relative to peers. Russell raised his price target to $13 from $11 on Constellium shares.
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