Stifel Starts Centrus Energy Corp. (LEU) at Buy, PT $220

Stifel analyst Stephen Gengaro initiates coverage on Centrus Energy Corp. (NYSE: LEU) with a Buy rating and a price target of $220.00.

The analyst comments "The atrophy of the U.S. nuclear supply chain is a key headwind for the resurgence in nuclear power in the U.S. market. With its long-time ties to the U.S. Government and as the only publicly-traded nuclear enrichment company, Centrus is uniquely positioned to play a critical role rebuilding the supply chain. LEU has the footprint, technological expertise, and track record to source LEU for today's existing reactors, and buildout new enrichment to meet the more highly enriched uranium needs for new advanced nuclear reactors. We are initiating coverage on Centrus Energy (LEU) with a Buy rating and $220 target price based on our long-term DCF analysis."

For an analyst ratings summary and ratings history on Centrus Energy Corp. click here. For more ratings news on Centrus Energy Corp. click here.

Shares of Centrus Energy Corp. closed at $179.37 yesterday.

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