Constellium price target raised to $32 from $30 at BMO Capital

BMO Capital analyst Katja Jancic raised the firm’s price target on Constellium (CSTM) to $32 from $30 and keeps an Outperform rating on the shares as part of a broader research note previewing Q1 results in Metals and Mining. Earnings for most companies under coverage are expected to increase in Q1, supported by higher underlying commodity prices, the analyst tells investors in a research note. In the midst of the global chaos, US steel sheet prices have shown relative resiliency and have continued to inch higher, the firm added.