Cameco price target raised to C$90 from C$75 at RBC Capital

RBC Capital raised the firm’s price target on Cameco (CCJ) to C$90 from C$75 and keeps an Outperform rating on the shares. The firm is positive on Cameco given strong nuclear energy tailwinds, a tight uranium market that should support higher prices, and top tier assets across the nuclear industry in mining, fuel fabrication, nuclear servicing, and reactor technology, the analyst tells investors in a research note.