UBS raised the firm’s price target on Centrus Energy (LEU) to $245 from $215 and keeps a Neutral rating on the shares. The significant decline in year over year separative work unit prices indicates volumes were likely contracted near a trough in long-term SWU prices and present a potential near-term headwind, and Centrus is likely to benefit from higher SWU prices longer-term, the analyst tells investors in a research note.
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