Scotiabank analyst Orest Wowkodaw lowered the firm’s price target on Cameco to C$80 from C$81 and keeps an Outperform rating on the shares. The firm has lowered its near-term commodity price outlook to reflect the impact of weaker global demand, which seems to be more than offsetting supply-side challenges, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CCJ: