Jefferies Cuts Price Target on USEC (USU) After Q4 Results

Jefferies cut its price target on Hold-rated USEC Inc. (NYSE: USU) from $1.75 to $1.25 following Q4 results.

The firm comments, "After USEC's Q4 earnings release, with its $127m write-off of prior work on centrifuges and discussion of weak demand, falling contract services revenues, and the possible closure of Paducah, we are shifting our model to a scenario where USEC transitions to a much smaller operational structure primarily selling Russian SWU. We reiterate our Hold rating."

The firm raised FY12 EPS from $0.20 to $0.31.

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 $1.20 yesterday.

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