Shares of Constellium NV (CSTM) soared 5.26% on Tuesday's intraday trading session, following an analyst upgrade and increased price target for the aluminum products manufacturer.
Deutsche Bank upgraded its rating on Constellium SE to Buy from Hold, citing improving market conditions and strong growth prospects. The investment bank also raised its price target on the stock to $15 from $11 previously, reflecting higher earnings expectations.
The positive analyst action fueled optimism among investors, driving Constellium NV's stock sharply higher amid elevated trading volumes. The company's strong market positioning and growth initiatives were seen as key factors supporting the bullish outlook.
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