Cameco price target raised to $78 from $65 at Goldman Sachs

Goldman Sachs analyst Brian Lee raised the firm’s price target on Cameco (CCJ) to $78 from $65 and keeps a Buy rating on the shares. The firm cites Westinghouse, in which Cameco owns a stake, and Korea Electric Power Corporation and Korea Hydro & Nuclear Power Co. to have a mutually beneficial framework agreement that allows the use of Westinghouse technology to be used in Korean reactor deployments, noting that this deal should provide material upside to Westinghouse revenue and EBITDA, the analyst tells investors in a research note.