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Fly News Breaks for February 23, 2018
CSTM
Feb 23, 2018 | 07:47 EDT
Cowen analyst Novid Rassouli noted Constellium posted its fourth consecutive quarterly beat with its Q4 results. The analyst said results exceeded consensus expectations and he expects the steep climb in margins seen in 2017 to level off in 2018 while he expects deleveraging to drive the stock's multiple higher. Rassouli reiterated his Outperform rating and $20 price target on Constellium shares.
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