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Fly News Breaks for January 16, 2020
CSTM
Jan 16, 2020 | 07:35 EDT
Benchmark analyst Josh Sullivan initiated coverage of Constellium with a Buy rating and $17 price target. He sees benefits from the new automotive CALP line ramp up, nominations on new designs, valuation support from Arconic's (ARNC) break-up as positives and also believes Constellium is relatively more insulated than peers from the delayed 737 MAX production's impact on the market for aerospace aluminum plate.
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