Centrus Retains Buy Rating on Strong Profitability, Robust Backlog, and Upside Catalysts Despite Price Target Trim to $314
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Sean Milligan from Needham has maintained a Buy rating on Centrus Energy, lowering the price target to $314. The decision is based on strong profitability, a robust backlog of approximately $3.9B, and increased full-year revenue guidance. Despite some uncertainties regarding costs and pricing at the Piketon facility, upcoming NNSA contract decisions and potential DOE funding are seen as positive catalysts. Stifel Nicolaus also supports a Buy rating with a $246 price target.
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