RBC Capital analyst Tom Narayan initiates coverage on Centrus Energy Corp. (NYSE: LEU) with a Sector Perform rating and a price target of $135.00.

The analyst comments "Vertical integration in the powertrain-agnostic seating industry has laid the foundation for Lear's strong market share and industry-leading margins. We view Lear as a high-quality name, though we think its growth potential is largely baked into its valuation. Further, under-exposure to Chinese OEMs and a lack of near-term catalysts keeps us on the sidelines. We initiate at Sector Perform, with a $135 PT."

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 $200.84 yesterday.