Centrus Energy price target raised to $49 from $47 at Roth MKM

Roth MKM analyst Joe Reagor raised the firm’s price target on Centrus Energy to $49 from $47 and keeps a Buy rating on the shares. The company’s Q2 results beat expectations, but this was driven by a large by-product uranium sale, the analyst tells investors in a research note. The firm notes, however, that Centrus’ net cash position improved during the quarter. It believes the company’s Technical Services segment should improve in 2024.