Scotiabank analyst Orest Wowkodaw raised the firm’s price target on Cameco (CCJ) to $175 from $150 and keeps an Outperform rating on the shares. The firm views the quarterly update as positive for the shares given its higher estimates, adding that it maintains it Outperform rating based on improving fundamentals driven by the Western World agendas of decarbonization, energy independence, and power security.
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