Canaccord analyst Katie Lachapelle raised the firm’s price target on Cameco (CCJ) to C$115 from C$92 and keeps a Buy rating on the shares. The firm previewed its Q2 results which they expect to be inline and believe investors are likely to be focused on management’s commentary on the uranium market, given recent spot price performance and lackluster year-to-date term volumes, in addition to Westinghouse earnings and future upside for that business segment.
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