Mirion Technologies (MIR) has received a new Buy rating, initiated by J.P. Morgan analyst, Tomohiko Sano.
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Tomohiko Sano has given his Buy rating due to a combination of factors that highlight Mirion Technologies’ strong market position and growth potential. The company is a global leader in radiation safety technologies, with a significant portion of its revenue coming from recurring sources. This provides a stable foundation for sustained earnings growth. Additionally, Mirion’s strategic acquisitions and operational optimizations are expected to drive significant margin expansion over the coming years, contributing to robust free cash flow generation.
Moreover, the company’s involvement in high-demand sectors such as nuclear power and medical cancer care positions it well for future growth. The increasing need for radiation safety solutions, driven by rising electricity demands and advancements in oncology, further supports this outlook. Sano’s analysis also points to Mirion’s disciplined financial management and cultural shift towards innovation, which are expected to enhance operational efficiency and shareholder value. These factors collectively underpin the Buy rating and the projected price target of $28 by December 2026.
Sano covers the Industrials sector, focusing on stocks such as Carlisle Companies, Armstrong World, and Allegion. According to TipRanks, Sano has an average return of 4.9% and a 50.00% success rate on recommended stocks.
In another report released on September 24, Citi also maintained a Buy rating on the stock with a $23.00 price target.