Roth MKM downgraded Energy Fuels to Neutral from Buy with a price target of $6.25, down from $6.50. The firm cites the shares reaching the price target and concerns over increased risks as the company diversifies into the rare earths sector for the downgrade. Energy Fuels’ diversification is a long-term plan with significant risks as the rare earth sector is highly competitive, the analyst tells investors in a research note.
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