Constellium is trading 4.53% lower at $24.22 after Barclays initiated coverage on October 14 with an Equal Weight rating and a $28 price target, citing limited near-term upside.

  • Barclays also pointed to soft European auto demand and an expected aluminum-market surplus.
  • Shares fell after the initiation; no separate October 15 company announcement was identified.
  • Aluminum futures reached a year-to-date low near $3,020 per tonne, while Nasdaq futures were down in pre-market trading.