Centrus Energy price target lowered to $195 from $245 at UBS

UBS lowered the firm’s price target on Centrus Energy (LEU) to $195 from $245 and keeps a Neutral rating on the shares. The firm sees limited near-term earnings upside given the highly visible, annually contracted nature of Centrus’s broker-trader business, and the company’s ongoing capacity build-out, but continues to view Centrus as well positioned to benefit from a potential generational nuclear build cycle longer-term, the analyst tells investors in a research note.

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