Cameco is trading at €86.64, up +4.44% after Jefferies initiated coverage with a Buy rating and a US$138 price target, identifying the company as a major beneficiary of Western nuclear expansion.
- The analyst cited undervalued uranium assets, conversion operations, resources and Cameco’s Westinghouse partnership.
- Coverage was the dominant sentiment driver during September 3 trading, despite broadly flat major-index performance, making the move primarily company-specific.