Cameco assumed with a Buy at Goldman Sachs

Goldman Sachs assumed coverage of Cameco (CCJ) with a Buy rating and $65 price target The firm’s view of accelerating nuclear energy growth, driven by existing as well as new reactor builds, in the backdrop of “a relatively modest supply growth environment” positions it to be more bullish on the upstream portion of the value chain, with upstream uranium producers and fuel suppliers like Cameco poised to benefit from increasing demand as well as pricing tailwinds, the analyst tells investors.