Katja Jancic, an analyst from BMO Capital, maintained the Buy rating on Constellium. The associated price target is $20.00.
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Katja Jancic has given her Buy rating due to a combination of factors that highlight Constellium’s promising financial outlook. The company has recently increased its 2025 EBITDA guidance, reflecting a positive adjustment driven by improvements in the first half of the year. This adjustment suggests a robust financial performance, with expectations of significant free cash flow generation supporting ongoing share repurchases.
Furthermore, Constellium has reaffirmed its longer-term targets, aiming for substantial EBITDA and free cash flow by 2028, driven by strategic projects and market recovery. The company’s leverage is also on a downward trend, indicating improved financial stability. Despite some market uncertainties, the anticipated leadership transition is not expected to alter the strategic direction, reinforcing confidence in the company’s future performance.
CSTM’s price has also changed dramatically for the past six months – from $9.590 to $16.270, which is a 69.66% increase.