Cameco price target raised to C$100 from C$90 at RBC Capital

RBC Capital raised the firm’s price target on Cameco (CCJ) to C$100 from C$90 and keeps an Outperform rating on the shares. The company looks uniquely well-positioned to benefit from accelerating growth in the nuclear industry and a tight uranium market, the analyst tells investors in a research note. Westinghouse has a pole position within the nuclear industry with a ubiquitous nuclear services business, widely considered large reactor design in the AP1000, and a mutually beneficial partnership with Korean nuclear builders, the firm added.