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Analyst Actions: Cameco Corp Upgraded to Buy at Canaccord Genuity

Cameco Corp. (CCO.TO) shares have fallen to an attractive entry point for investors, said Canaccord Genuity analyst Orest Wowkodaw, who upgraded the uranium producer to a Buy from a Hold, the Globe and Mail said. "While Cameco continues to trade at a premium to the producer peer group, this is supportable in our view, given the company's dominant market position, low political risk profile, and significantly larger market capitalization," Wowkodaw said.

Wowkodaw reiterated his $29 price target.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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