Constellium SE upgraded to Strong Buy after strong Q1 and raised FY2026 guidance.

Constellium SE received a Strong Buy upgrade following a robust Q1 FY2026 performance, driven by strong pricing power in its packaging segment, which saw revenues rise 22.9% despite modest shipment growth of 3.5%. The company raised its full-year 2026 adjusted EBITDA guidance to $920 million. Trading at a discounted 6.73x EV/EBITDA compared to the sector median of 8.3x, Constellium benefits from operational efficiency, increasing share buybacks, and strong cash flows, supporting continued investor confidence even after a 200% rally in the past year.