Cameco Corp. (CCO:CA) — National Bank maintained its Outperform rating with a 12 month C$185.00 price target. Cameco reaffirmed its annual production outlook in its second-quarter update and highlighted strengthening nuclear industry fundamentals. Its uranium operations and Westinghouse interest provide exposure across the nuclear fuel and services value chain. Looking ahead, analysts will be watching contract pricing, uranium delivery schedules and Westinghouse cash contributions. The valuation case depends on profitable execution and attributable cash flow, with production disruptions and project timing remaining key risks.
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