Raymond James raised the firm’s price target on Cameco (CCJ) to C$96 from C$88 and keeps an Outperform rating on the shares. Cameco recently announced an expected increase of about $170M for its 49% equity share of Westinghouse’s Q2 and annual adjusted EBITDA, the analyst tells investors in a research note. Cameco also expects significant financial benefits for Westinghouse, as a subcontractor, over the term of the Dukovany construction project and related to the provision of the fuel fabrication services required for both reactors for a specified period, the firm says.
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Read More on CCJ:
- Cameco price target raised to C$105 from C$90 at Stifel
- 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
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