Raymond James raises PT on Cameco Corp

Raymond James raises price target on Canadian uranium supplier Cameco Corp CCO.TO to C$102 from C$96

New price target represents 8.3% upside to stock's last close

Brokerage says CCO provides investors with lower-risk exposure to the uranium market, given its diversification of sources

"In addition, CCO has multiple operations curtailed that could be brought back should uranium prices increase" - Raymond James

16 of 18 brokerages rate the stock "buy" or higher, 2 "hold"; median PT is $95 - data compiled by LSEG

Up till last close, stock was up 27.9% YTD