Wells Fargo cuts target for Constellium stock to USD 38.00

Published on 10/02/2026 at 20:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue in the second quarter rose 30.70 percent to USD 2.75 billion. Constellium stock costs EUR 21.90 on October 2, 2026, versus EUR 21.40.

CSTM, FR0013467479, Illustration mit AI erstellt.

Constellium (ISIN FR0013467479) was trading at EUR 21.90 at Lang & Schwarz on October 2, 2026 at 8:14 p.m. CEST, up 2.34 percent from the prior close of EUR 21.40. Wells Fargo cut its Constellium target from USD 39.00 to USD 38.00 in a research report dated September 18, 2026, as MarketBeat reported.

Target cut meets stronger results

The September 18 target reduction contrasts with Constellium's second-quarter operating performance. The company reported USD 2.75 billion of revenue in the second quarter of 2026, up 30.70 percent from the same quarter of 2025, while adjusted earnings per share reached USD 1.04 against a USD 0.86 consensus estimate, according to MarketBeat.

The same report put quarterly revenue at USD 2.75 billion against USD 2.73 billion expected. That combination gives investors a concrete counterpoint to the target cut: revenue exceeded consensus by USD 20.00 million, while adjusted earnings per share exceeded expectations by USD 0.18.

Guidance points to record year

Constellium's July 29, 2026 investor update said the company raised its full-year outlook after record segment adjusted EBITDA in the second quarter and first half, according to its investor-relations page. The earnings-call transcript records adjusted EBITDA of USD 439 million in the second quarter, including a USD 129 million non-cash metal-price-lag impact.

Excluding that impact, adjusted EBITDA was USD 310 million, up 88.00 percent from USD 165 million in the second quarter of 2025. Management guided to USD 980.00 million-USD 1.02 billion of adjusted EBITDA excluding metal-price lag and free cash flow above USD 300.00 million for fiscal 2026, as Yahoo Finance published in the transcript.

Stock remains below yearly high

On the NYSE, Constellium was last at USD 24.57 at 2:14 p.m. ET on October 2, 2026. Its 52-week range was USD 14.39 to USD 36.99, putting the primary-exchange quote below the yearly high while the euro indication moved higher in after-hours trading.

EUR 21.90 after-hours

Constellium was trading at EUR 21.90 at Lang & Schwarz on October 2, 2026 at 8:14 p.m. CEST, plus 2.34 percent versus the Lang & Schwarz prior close of EUR 21.40 on October 1, 2026.