Centrus Energy price target raised to $340 from $285 at BofA

BofA raised the firm’s price target connected Centrus Energy (LEU) to $340 from $285 and keeps a Neutral standing connected the shares aft the institution was among 3 companies awarded $900M by the Department of Energy for atomic substance capableness funding. The backing is earmarked for the operation of caller high-assay debased enriched uranium capableness the U.S. The $900M for Centrus is somewhat little than the $1.7B grant that the steadfast had assumed successful its model, but it thinks that much U.S. authorities bureau backing for Centrus down the roadworthy “should not beryllium wholly ruled out,” the expert tells investors.

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