Why I Think Constellium Deserves A Re-Rating

Core Viewpoint - Constellium (CSTM) is recommended as a Buy due to its transition from a cyclical, highly leveraged phase to a stronger, cash-generating profile, supported by aerospace recovery, resilient packaging demand, and a more normalized cost environment [1] Group 1: Company Transition - The company is moving away from its historical, cyclical, and highly leveraged phase [1] - Constellium is expected to benefit from an aerospace recovery and resilient demand in packaging [1] - The cost environment is becoming more normalized, which supports the company's transition [1] Group 2: Financial Performance - EBITDA is already showing signs of inflection, indicating improved financial performance [1]