Mirion initiated with an Outperform at Evercore ISI

Evercore ISI initiated coverage of Mirion (MIR) with an Outperform rating and $29 price target Mirion is a supplier of critical nuclear reactor components to both new and existing nuclear facilities, notes the analyst, who sees a path to about 30% adjusted EBITDA margins and a potential re-rating. Mirion has at least some content on 95% of the currently deployed nuclear reactor fleet globally, the analyst tells investors.