Cameco price target raised to C$160 from C$110 at RBC Capital

RBC Capital raised the firm’s price target on Cameco (CCJ) to C$160 from C$110 and keeps an Outperform rating on the shares. Cameco/Brookfield partnering with the U.S. government could help pave the way for a major nuclear new-build program in the US and Western-aligned countries, the analyst tells investors in a research note. Cameco, Westinghouse and the AP1000 reactor design are also uniquely well-positioned to play a critical role in the growing nuclear industry, the firm added.