Jesup & Lamont Reiterates a 'Buy' on EnergySolutions (ES); Lowers Price Target & Estimates
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Jesup & Lamont reiterates a 'Buy' on EnergySolutions (NYSE: ES), lowers price target from $13.50 to $11.
Jesup analyst says, "We are reducing our 2009 and 2010 estimates to reflect lower federal disposal revenue expectations, further delays in large component shipments and higher interest expense due the new credit agreement. Large components will still drive additional commercial service and disposal revenue in 2010, but believe additional orders will not materialize in 2009. Our new year end price target is $11.00, and we reiterate our BUY rating due to 1) ES’s unique assets base and competitive position 2) continued deleveraging 3) growth opportunities such as license stewardship 4) relative insulation from macroeconomic issues."
To see more analyst ratings on ES Click Here.
EnergySolutions, Inc. provides technology-based nuclear services to government and commercial customers in the United States.
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