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Fly News Breaks for December 12, 2017
CSTM
Dec 12, 2017 | 07:57 EDT
Cowen analyst Novid Rassouli noted that Constellium has materially reduced its leverage and its results have beat expectations this year and he predicts that as it ramps growth projects, continues to execute and cuts leverage further that its valuation gap with peers should narrow. He calls the stock a best idea for 2018 and maintains an Outperform rating and $13 price target on Constellium shares.
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