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J.P. Morgan Reaffirms Their Buy Rating on Constellium (CSTM)

Tipranks - Tipranks - Wed Jan 21, 10:08AM CST

J.P. Morgan analyst Bill Peterson maintained a Buy rating on Constellium on January 18 and set a price target of $22.00.

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According to TipRanks, Peterson is a 4-star analyst with an average return of 4.1% and a 51.56% success rate. Peterson covers the Basic Materials sector, focusing on stocks such as Alcoa, Steel Dynamics, and Nucor.

In addition to J.P. Morgan, Constellium also received a Buy from Wells Fargo’s Timna Tanners in a report issued on January 13. However, on January 15, TipRanks – Google reiterated a Hold rating on Constellium (NYSE: CSTM).

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Based on Constellium’s latest earnings release for the quarter ending September 29, the company reported a quarterly revenue of $2.17 billion and a net profit of $88 million. In comparison, last year the company earned a revenue of $1.64 billion and had a net profit of $2 million

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