Jefferies initiates Uranium Energy coverage with $11.50 Hold target
Uranium Energy (UEC) rose 0.60% premarket after Jefferies started coverage with a Hold rating and an $11.50 price target, versus $11.62 prior levels.
Uranium Energy (UEC) rose 0.60% premarket after Jefferies initiated coverage with a Hold rating and an $11.50 price target, below the $11.62 the stock was trading at, after a decline of nearly 15% over the past week.
The firm put the equity roughly 10% above its estimate of risk-adjusted fair value…