Wedbush Morgan Downgrades EnergySolutions (ES) to Neutral; Lacking Near-Term Catalysts
More News related to ES
- EnergySolutions (ES) Declares $0.025 Quarterly Dividend; 1.1% Yield
- EnergySolutions Announces Quarterly Dividend
- EnergySolutions CEO Steve Creamer to Present at the FBR Capital Markets 2009 Fall Investor Conference
- J.P. Morgan Downgrades EnergySolutions (ES) to Neutral
- EnergySolutions Awarded Large Component Contract From Exelon Nuclear
Wedbush Morgan downgrades EnergySolutions (NYSE: ES) to Neutral. Price target lowered to $9.50.
Wedbush analyst says, "Reiterating our long-term investment thesis, although timing has slipped into 2010...Foreign waste remains a potential long-term theme, although need positive resolution on Italy...Free cash flow in the $50-60 million range with low cap-ex and minimal debt servicing requirements offers stability...Adjusting FY2009/2010/2011 estimates and lowering applied EV/EBITDA multiple to 8x."
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.
Related Categories
DowngradesStocks Mentioned
-0.08Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
