Centrus Energy price target raised to $134 from $126 at B. Riley

B. Riley raised the firm’s price target on Centrus Energy (LEU) to $134 from $126 and keeps a Buy rating on the shares. Following the strong Q4 results, B. Riley firm continues to believe Centrus is well-positioned to receive a meaningful portion of the $3.4B available for Department of Energy nuclear fuel initiatives, the analyst tells investors in a research note. While timing remains uncertain, the new administration’s support of the nuclear industry suggests the program could be a near- term priority, the firm says.