Citi ups Mirion target, opens ‘positive catalyst watch”

Citi raised the firm’s price target on Mirion to $14 from $13 and keeps a Buy rating on the shares. The analyst also opened a “90-day positive catalyst watch” on the shares. Elevated orders and its year-end 2023 backlog could contribute to upside to Mirion’s Q1 sales and earnings growth while recently improving operational execution could support upside margin expansion potential going forward, the analyst tells investors in a research note. Additionally, the firm notes the recently increased support for commercial nuclear power given accelerating electricity demand.