RBC Capital Markets raised its price target on Cameco (CCO.TO, CCJ) to C$175 from C$160 on Monday.

Analyst Andrew D. Wong maintained an Outperform rating on shares of the Saskatchewan-based uranium company.

"We continue to see Cameco as best-positioned to benefit from strong nuclear growth momentum and a constructive uranium price outlook," the analyst said.

(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)