Cameco price target raised to C$48 from C$46 at Canaccord

Canaccord analyst Katie Lachapelle raised the firm’s price target on Cameco to C$48 from C$46 and keeps a Buy rating on the shares. The analyst said in our view, Camaeco remains a go-to stock for investors seeking exposure to improving fundamentals and rising uranium prices as the only large capitalization, pure-play uranium producer listed in North America.