Raymond James Raises its Price Target on Cameco Corporation (CCJ) to C$165 While Keeping an Outperform Rating

Raymond James has increased its price target for Cameco Corporation (CCJ) to C$165 from C$150, maintaining an Outperform rating due to a broader mining update. Similarly, Bernstein also raised its price target for Cameco to $101, citing higher uranium prices driven by increased nuclear generation and tightening market conditions. Cameco, a major uranium supplier, is also nearing a significant supply agreement with India.