Cameco Corporation (CCJ) PT Raised to $98 at Bernstein

Bernstein SocGen Group analyst Bob Brackett raised the price target on Cameco Corporation (NYSE: CCJ) to $98.00 (from $74.00) while maintaining an Outperform rating.

The analyst commented: "The nuclear/uranium sector has significantly outperformed year-to-date, with various ETFs focused on the theme close to doubling. Similarly, CCJ is close to YTD (and all-time highs). We are believers in the long term theme of a nuclear renaissance and see strong evidence of demand (continuing ramp of new builds, SMR commentary, pro-nuclear leadership changes in 2025 in both US and Japan for examples).

We update our CCJ price target by marking the CAD to market, rolling from 2026 to 2027 and incorporating benefit of improved future margin on fixed costs/cash cost growth control. Our target price is $98 (11% above consensus) with 15% upside potential."

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Phillips 66, Marathon Merger Talks Collapsed - Semafor
• Jefferies on Five Below (FIVE): 'Our latest channel checks reinforce our view that FIVE's momentum extends well beyond viral Squish trends'