Stifel analyst Madison Tapscott raised the firm’s price target on Cameco (CCJ) to C$105 from C$90 and keeps a Buy rating on the shares after the company announced an expected $170M increase to its 49% equity share of Westinghouse Electric Company’s Q2 adjusted EBITDA, driven by WEC participation in the construction of two nuclear reactors at the Dukovany power plant in the Czech Republic.
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Read More on CCJ:
- Cameco price target raised to $70 from $52 at Bernstein
- Cameco’s Strong Market Position and Self-Funded Growth Justify Buy Rating Amid Rising Uranium Prices
- Cameco price target raised to C$106 from C$93 at BofA
- Cameco’s Growth Potential Bolstered by Westinghouse Project and Bullish Uranium Outlook
- Cameco price target raised to C$92 from C$83.50 at Canaccord
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