Cameco price target raised to $95 from $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%.

Confident Investing Starts Here:

• Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions

• Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See today’s best-performing stocks on TipRanks >>

Read More on CCJ:

Disclaimer & DisclosureReport an Issue

• Cameco price target raised to C$96 from C$88 at Raymond James

• 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