Raymond James raised the firm’s price target on Cameco (CCJ) to C$88 from C$83 and keeps an Outperform rating on the shares. Cameco announced an expected increase of about $170M for its 49% equity share of Westinghouse’s 2025 Q2 and annual adjusted EBITDA, the analyst tells investors in a research note. In addition, although the 2021 tax court decision applies only to the 2003, 2005, and 2006 tax years, the firm views it as a positive for Cameco given it could be relevant in determining the outcome for other years and reduces risk related to the CRA dispute.
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- Cameco’s Positive Outlook: Boosted by Strategic Deals and Nuclear Energy Demand
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