Andrew Kaplowitz, an analyst from Citi, maintained the Buy rating on Mirion Technologies. The associated price target remains the same with $23.00.
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Andrew Kaplowitz’s rating is based on Mirion Technologies’ strategic acquisition of Paragon Energy Solutions, which is expected to significantly enhance its Nuclear & Safety segment. This acquisition positions Mirion to capitalize on long-term growth trends in the commercial nuclear sector, despite the short-term financial impact being modest and the acquisition multiple being higher than previous transactions.
Kaplowitz acknowledges that Mirion has adjusted its 2025 organic growth outlook slightly downward, which aligns with his expectations. While this has put some short-term pressure on the stock, he believes the acquisition of Paragon broadens Mirion’s opportunities in a favorable global market for commercial nuclear power. Consequently, he views the current stock pullback as a potential buying opportunity for investors with a long-term perspective.
Kaplowitz covers the Industrials sector, focusing on stocks such as Trane Technologies, Aecom Technology, and Fluor. According to TipRanks, Kaplowitz has an average return of 28.3% and a 75.00% success rate on recommended stocks.
In another report released on September 16, Goldman Sachs also maintained a Buy rating on the stock with a $25.00 price target.