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Deutsche Bank has upgraded Constellium's stock rating from Hold to Buy, raising the price target from $11.00 to $15.00 following the company's fourth-quarter earnings report. Despite a challenging quarter with an EPS of -$0.34 and revenue of $1.72 billion, Constellium's stock has gained 17.32% over the past week, reflecting investor optimism about its strategic direction and long-term financial targets, including an EBITDA goal of $900 million by 2028.
Peter Spuhler, CEO of Stadler Rail, expressed mixed feelings at the unveiling of new Flirt trains amid a profit warning due to severe weather disruptions affecting production. He emphasized the need for Germany to regain its economic strength and voiced concerns over political instability, particularly regarding the upcoming elections and their impact on consumer sentiment. Spuhler remains hopeful for a positive change in leadership that could revitalize the economy, especially in the struggling automotive sector.
Hindalco's shares fell nearly 7% following a 28% drop in Constellium SE's stock, which reported lower third-quarter profits and revenues due to weak demand in the automotive and aerospace sectors. Concerns are mounting for Hindalco's arm, Novelis, as it drives 20% of the company's total volumes and a significant portion of its EBITDA, amid fears of similar challenges ahead.
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Deutsche Bank upgrades Constellium stock to Buy with new price target of 15 dollars
11:18 25.02.2025
Stadler Rail faces profit warning amid new train launch and political concerns
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20:17 14.11.2024
Hindalco shares fall as Constellium warns of weak demand in automotive sector
07:03 24.10.2024
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