Shares of Centrus Energy Corp. (LEU) are soaring 5.27% in Wednesday's intraday trading session, following a bullish initiation from Evercore ISI. The surge comes as investors react positively to the new analyst coverage, which paints an optimistic picture for the company's future.
Evercore ISI has initiated coverage on Centrus Energy with an "Outperform" rating and set a price target of $145. This target represents a significant upside potential from the stock's current trading price, fueling investor enthusiasm. The positive outlook from a respected financial institution has likely triggered increased buying activity, contributing to the stock's impressive gain.
According to FactSet data, Centrus Energy now boasts an average rating of "Overweight" among analysts covering the stock, with a mean price target of $143.15. This consensus view aligns closely with Evercore ISI's bullish stance, suggesting a broader positive sentiment towards the company's prospects in the financial community. As investors digest this new information, Centrus Energy's stock continues to attract attention, potentially setting the stage for further gains in the near term.
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