Jefferies Initiates Coverage on Cameco and BWX Technologies With 'Buy' Ratings
Jefferies has initiated coverage on Cameco (CCJ) and BWX Technologies (BWXT), assigning both nuclear stocks a 'Buy' rating. The firm set price targets of $138 for CCJ and $181 for BWXT, citing strong global demand in the nuclear industry as a key driver. The ratings come amid growing interest in nuclear energy due to its role in decarbonization efforts and long-term power generation needs. Cameco's shares rose 3.7%, while BWX Technologies gained 2.9% on Thursday following the analyst report, reflecting investor optimism about the sector’s potential.
