B.Riley Starts Mirion Technologies (MIR) at Buy

B.Riley analyst Yuan Zhi initiates coverage on Mirion Technologies (NYSE: MIR) with a Buy rating and a price target of $14.00.

The analyst comments: "We are initiating coverage of Mirion Technologies Inc. (MIR), a market leader in industrial and medical applications related to radiation detection, with a Buy rating and a $14 PT. MIR has assembled a portfolio of products and services that have earned a top ranking in 16/19 product categories. Despite its dominance in end markets and omnipresence in nuclear plants and medical settings, we believe MIR has been under-followed by investors since its SPAC merger in 2021, even though it is already generating $800M+ revenue and close to $200M in adjusted EBITDA. In our base case, MIR is improving its operational efficiency after the consolidation of recent acquisitions. In our bull case, MIR could further expand its profit margin as growth accelerates, especially in the Medical segments."

For an analyst ratings summary and ratings history on Mirion Technologies click here. For more ratings news on Mirion Technologies click here.

Shares of Mirion Technologies closed at $10.67 yesterday.

You May Also Be Interested In

• Berenberg Starts Barclays Plc (BARC:LN) (BCS) at Buy
• Columbia Financial raises purchase limits in second-step conversion offering
• BioNxt closes $2M private placement at $0.33 per unit