Cameco Stocks Downgraded To Hold

Globe and Mail reported as uranium prices continue to flounder pushing TD Securities to downgrade Cameco (TSX:CCO,NYSE:CCJ) to a hold, not buy.

As quoted in the market news:

TD Securities has taken note, and today downgraded Cameco Corp. to a “hold” from a “buy.” Analyst Greg Barnes also slashed his price target on the stock by $6 to $24.

Cameco shares have responded, falling nearly 5 per cent.

Click here to read the full Globe and Mail report.