Raymond James raised its price target on Cameco Corp. (CCO.TO, CCJ) to $150 from $130.

Analyst Brian MacArthur maintained an Outperform rating on shares of the Canadian uranium producer.

"CCO has announced that Westinghouse, CCO, Brookfield Asset Management Ltd. (BAM.TO, BAM), and the United States Government (USG) have entered into a binding term sheet to establish a strategic partnership, which is expected to accelerate the global deployment of Westinghouse's nuclear reactor technologies and reinvigorate supply chains and the nuclear power industrial base in the US and abroad," MacArthur said in a note to clients.

"...CCO has multiple operations curtailed that could be brought back should uranium prices increase," the analyst said. "CCO is also vertically integrated with Fuel Services, GLE, and Westinghouse."

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)