Centrus Energy price target raised to $315 from $221 at B. Riley

B. Riley analyst Ryan Pfingst raised the firm’s price target on Centrus Energy (LEU) to $315 from $221 and keeps a Buy rating on the shares. The stock has held up better than nuclear peers since the group peaked on October 15, but is still down 40% over that timeframe, the analyst tells investors in a research note. Centrus announced last week that it has begun centrifuge manufacturing to support enrichment activities, Riley points out. The firm continues to believe Centrus is well positioned to receive “meaningful funding” from the Department of Energy given its “proven,” U.S.-made technology, as the federal government seeks to restore domestic enrichment capabilities. It ups the price target ahead of expected orders.