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Constellium (CSTM) Gets a Buy from J.P. Morgan

Tipranks - Tipranks - Tue Feb 24, 6:44AM CST

J.P. Morgan analyst Bill Peterson maintained a Buy rating on Constellium yesterday and set a price target of $29.00.

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Peterson covers the Basic Materials sector, focusing on stocks such as Alcoa, Freeport-McMoRan, and Nucor. According to TipRanks, Peterson has an average return of 8.0% and a 52.61% success rate on recommended stocks.

In addition to J.P. Morgan, Constellium also received a Buy from BMO Capital’s Katja Jancic in a report issued on February 19. However, on the same day, TipRanks – xAI reiterated a Hold rating on Constellium (NYSE: CSTM).

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Based on Constellium’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $942.94 million and a net profit of $71.35 million.

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