Cameco price target raised to C$81 from C$78 at Canaccord

Canaccord raised the firm’s price target on Cameco (CCJ) to C$81 from C$78 and keeps a Buy rating on the shares. The firm said results missed consensus and the headline miss was driven by lower-than-expected sales volumes for uranium and fuel services, weaker production and timing of shipments at JV Inkai, and another reported loss at Westinghouse albeit largely accounting-related.