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Analyst Actions: Raymond James Cuts Paladin Energy Price Target to $3.40

Raymond James Ltd. analyst Bart Jaworski said in a research note today that having raised production 235% over the past 3 years, Paladin Energy Ltd. (PDN.TO) is now approaching "cruising altitude," shifting its focus from growth to cost control, the Globe and Mail reported.

Mr. Jaworksi also noted that even though the outlook on costs is higher than expected, he continues to see value in the uranium company, especially as it seeks to sell non-core assets.

Raymond James Ltd. cut the price target to $3.40 from $4.10 but maintained an "outperform" rating.

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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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