BofA lowered the firm’s price target on Centrus Energy (LEU) to $285 from $340 and keeps a Neutral rating on the shares. The firm is refreshing its price forecasts for North American Metals & Mining stocks under its coverage, the analyst tells investors. The firm sees the macro backdrop as challenging due to China’s slowing commodity demand but notes this may be offset by a rebound in demand in U.S. and Europe.
Claim 55% Off TipRanks
New trading tool for LEU bullsPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LEU:
- DOE’s Coe says U.S. to own as many as 10 nuclear reactors, Bloomberg reports
- Centrus Energy Positioned for Growth Amid Rising Uranium Demand and Strategic Financial Moves
- Centrus Energy price target raised to $300 from $275 at Northland
- Centrus Energy price target lowered to $245 from $275 at JPMorgan
- Centrus Energy: Strategic Positioning and Growth Potential with Strong Market Backlog and ATM Offering