RBC Capital lowered the firm’s price target on Cameco (CCJ) to C$150 from C$160 but keeps an Outperform rating on the shares. The firm’s visit to the Vogtle 3&4 nuclear reactors in Georgia, hosted by Cameco and Southern Company, helped RBC gain an appreciation for the advancements incorporated into the Westinghouse AP1000 design, the analyst tells investors in a research note. RBC adds however that its price target cut is due to slightly higher uranium and fuel services costs that better align with recent cost trends.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CCJ:
- Cameco initiated with a Neutral at UBS
- Inside the Two Growth Engines Driving Cameco’s (CCJ) Nuclear Power Surge
- Cameco price target raised to C$145 from C$140 at National Bank
- Cameco’s Strategic Moves and Financial Resilience
- Cameco’s Earnings Call Highlights Strategic Partnerships and Financial Strength