Centrus Energy downgraded to Neutral after rally at Roth MKM

Roth MKM downgraded Centrus Energy to Neutral from Buy with a price target of $62, up from $55. The stock’s recent outperformance and a lack of near-term catalysts to drive further valuation upside lead to the downgrade, the analyst tells investors in a research note. Roth cites recent share price appreciation and its expectations that larger Department of Energy awards are not likely until Q2 of 2025 for the downgrade.