Centrus Energy price target raised to $76 from $70 at Lake Street

Lake Street analyst Rob Brown raised the firm’s price target on Centrus Energy to $76 from $70 and keeps a Buy rating on the shares, arguing that the formal signing of a HALEU production contract with the DOE is "an inflection point for Centrus." The signed contract is worth $150M in revenue to Centrus over two years, while the long-term environment continues to improve for Centrus with support for nuclear energy increasing, Brown tells investors.