Bank of America says buy this uranium producer

Cameco has considerable room to run after announcing an $80 billion deal with the U.S. government, according to Bank of America. The bank, which has a buy rating on shares, raised its price target for Cameco to $130 per share. That signals 21.6% upside from Tuesday's close on the U.S.-listed stock. Cameco announced Tuesday a partnership with the U.S. government to build several nuclear reactors, alongside Westinghouse and Brookfield Asset Management. The deal came after U.S. President Donald Trump issued in May a series of executive orders to revitalize the country's uranium production and bolster its fuel supply chain. CCJ 6M mountain CCJ 6-mo chart "We see this as just a starting point," analyst Lawson Winder said Tuesday in a note to clients. "The higher multiples recognize significantl