Jefferies Reiterates Hold on USEC, Reduces PT to $3.75

Jefferies reiterated its Hold rating on USEC USU. At the same time, Jefferies lowered its price target on the company's stock from $5.25 to $3.75. In a research report published today, Jefferies states, "With decisions on the DOE loan guaranty and the long-term plan for Paducah likely this summer, we are revisiting the risk/reward for USEC shares.To better reflect the risk of an inconclusive outcome this summer, we are lowering our 12-month target $1.50 to $3.75." On Tuesday, USEC finished the day at $3.48.