Cameco price target raised to C$95 from C$80 at CIBC

CIBC raised the firm’s price target on Cameco (CCJ) to $95 from $80 and keeps an Outperformer rating on the shares after the company announced it is expecting an increase of $170M in its 49% equity share of Q2 and annual Westinghouse adjusted EBITDA. Through2026 to 2028, the firm increased its expected compound annual growth rate for Westinghouse’s adjusted EBITDA from 7% to 9%.