Cameco upgraded to Action List Buy from Buy at TD Securities

TD Securities analyst Greg Barnes upgraded Cameco to Action List Buy from Buy with a price target of C$49, up from C$41. The analyst believes Cameco is "extremely well-positioned" to enhance its long-term uranium contract portfolio given its ability to deliver increasing volumes of both primary uranium and conversion services. The market is focused on security of supply, as demonstrated by Cameco’s supply contract win with Energoatom, the analyst tells investors in a research note.