Centrus Energy price target raised to $154 from $76 at Lake Street

Lake Street raised the firm’s price target on Centrus Energy (LEU) to $154 from $76 and keeps a Buy rating on the shares. Q3 was “mixed,” with lower margins due to shipment mix, but Centrus made “strong progress” as it was selected for both the HALEU enrichment and the de-conversion RFP, the analyst tells investors. The long-term environment continues to improve and the firm believes the next 6-12 months are “setting up to be an inflection point for Centrus as it finalizes plans to ramp domestic LEU and HALEU enrichment,” the analyst added.