EnergySolutions, Inc. (ES) Maintains Buy Rating

Sterne Agee published a research report this morning on EnergySolutions, Inc.

in which they reiterate a Buy rating. ES has reported revenues of $419M for 3Q10 which are a 15% increase and higher than Sterne Agee estimates of $391M. ES has also maintained its $9.15 price target. Sterne Agee writes, "Our $9.15 price target is based on FY2010 EPS of $0.65 and assumes the stock trades at a 10% premium to the S&P 500, currently trading at 12.8X FY2011 EPS of $95.65." ES closed Monday at $4.70.