Jefferies Reiterates a 'Hold' on USEC Inc. (USU); RD&D Agreement Will Light Up Path
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Price: $0.30 -3.23%
Rating Summary:
0 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
0 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade USU Now!
Jefferies reiterates a 'Hold' on USEC Inc. (NYSE: USU) price target of $0.90.
Analyst, Laurence Alexander, said, "USEC and the DOE signed a $350m RD&D agreement to test the commercial viability of ACP with expected completion by May 2014. 80% of the funding will be provided by the DOE and the balance by USEC. 2013 funds still need Congressional approval. Technical hurdles remain which will determine the long-term outlook for ACP. The RD&D agreement is in-line with our base case."
For an analyst ratings summary and ratings history on USEC Inc. click here. For more ratings news on USEC Inc. click here.
Shares of USEC Inc. closed at $1.05 yesterday, with a 52 week range of $0.64-$3.61.
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Analyst, Laurence Alexander, said, "USEC and the DOE signed a $350m RD&D agreement to test the commercial viability of ACP with expected completion by May 2014. 80% of the funding will be provided by the DOE and the balance by USEC. 2013 funds still need Congressional approval. Technical hurdles remain which will determine the long-term outlook for ACP. The RD&D agreement is in-line with our base case."
For an analyst ratings summary and ratings history on USEC Inc. click here. For more ratings news on USEC Inc. click here.
Shares of USEC Inc. closed at $1.05 yesterday, with a 52 week range of $0.64-$3.61.
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