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Fly News Breaks for July 18, 2017
CCJ
Jul 18, 2017 | 07:16 EDT
As previously reported, Credit Suisse analyst Robert Reynolds downgraded Cameco to Underperform from Neutral as his cataloguing of nuclear power plants drives his forecast for uranium demand below current industry expectations. The analyst reduced his longer-term price to $40/lb based on the 90th percentile of the cost curve, from a prior forecast for $60/lb based on an incentive price. Reynolds also lowered his price target on the shares to C$10 from C$13.50.
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