Centrus Energy initiated with a Neutral at Citi

Citi initiated coverage of Centrus Energy (LEU) with a Neutral rating and $104 price target Centrus is a play on the nuclear artificial intelligence theme as the company “is on the cusp of transformative change” with the potential to be the only domestic player with large scale commercial production of low-enriched uranium, the analyst tells investors in a research note. The firm cites the stock’s valuation and the company’s funding uncertainties for the Neutral rating.