Raymond James Bullish on Cameco (CCJ) Due to Structural Appeal of Copper and Uranium

Group 1 - Cameco Corporation (NYSE:CCJ) is recognized as a strong investment opportunity in the AI energy sector, particularly due to its focus on uranium and copper amid tightening supply-demand dynamics [2][3]. - Raymond James has raised its price target for Cameco from C$150 to C$165, maintaining an 'Outperform' rating, citing structural appeal in the copper and uranium markets [2]. - Bernstein has also increased its price target for Cameco from $100 to $101, attributing this to the tightening supply of uranium and rising term prices, with expectations of prices remaining above $85 per pound through 2029 [3][4]. Group 2 - The company is well-positioned to benefit from market trends and growing policy support for nuclear energy, with expectations of reactor restarts and utility contracting enhancing its growth narrative [4]. - Cameco focuses on uranium exploration, mining, milling, and fuel services, providing low-cost, large-scale uranium production and comprehensive nuclear fuel solutions to global utilities [5].