Uranium Energy price target raised to $11.50 from $10.50 at Roth Capital

Roth Capital raised the firm’s price target on Uranium Energy (UEC) to $11.50 from $10.50 and keeps a Buy rating on the shares. The firm cites the company’s announcement that it was launching a new subsidiary with a goal of developing domestic uranium refining and conversion capacity, and Roth believes this new venture could provide further growth potential for the company in the medium term, the analyst tells investors in a research note.